Helen Masri
Helen Masri is a banking lawyer based in London. She specialises in secured corporate lending transactions with specific emphasis on asset-based lending, real estate finance, non-contentious corporate insolvency and restructuring. She is involved primarily in advising banks and financial institutions and has both transactional and general advisory experience in a range of cross-border and domestic matters.
Practice Area
Panel
- Contributing Author
1 Contributions by Helen Masri
PRACTICE NOTES
Asset-based lending under English law: receivables, inventory, plant and machinery, real estate; borrowing base, fixed and floating charges, ROT/CRAR, insolvency and intercreditor issues
This Practice Note sets out a concise overview of the financing structures typically used by UK asset-based lenders and highlights the key English law legal issues encountered when funding receivables (often called book debts) in the asset-based lending market, together with one or more of the following assets:
inventory (also referred to as stock)
plant and machinery (also referred to as equipment)
real estate
cashflow loan
It also summarises common asset-based lending structures and the principal issues to consider when arranging asset-based financing.
Key features of asset-based lending
ABL is senior, secured lending primarily intended to fund a trading business’s working capital. Advances are determined by the realisable value of defined classes of a borrower’s assets, collectively known as the borrowing base. ABL is often event-led, offering flexible access to liquidity during periods of transition, such as an acquisition or a restructuring. An asset-based lender invariably provides receivables financing (see: Receivables financing below) as the anchor facility, supplemented by one or more additional facilities as required...
Banking & Finance
If you expected to see yourself on this page, click here.
