Global support on your large-scale asset finance transactions
Asset finance supports a wide range of financing needs. Leasing assets helps you efficiently manage capital expenditure, using balance sheet assets as security for borrowing is an effective way to release capital and funding lease backed receivables helps manage working capital. We understand the legal and commercial implications and can help you implement a wide range of asset financing structures.
We advise on asset finance projects in the aviation, rail and power generation industries as well as on general equipment finance and leasing, vehicle funding, receivables based transactions and the sale and purchase of lease books.
Clients turn to us for support with the buying, leasing, financing and sale of aircraft, aircraft engines, helicopters, rolling stock, rail infrastructure, plant and machinery, energy assets, vehicles, manufacturing assets, medical assets, IT assets and other specialist assets. We also assist with the sale and purchase and financing of receivables arising under equipment funding and leasing agreements and managed services contracts and are experienced in the sale and purchase or lease books. We regularly advise on block discounting and wholesale finance facilities for asset finance providers and the facility providers. Our experience also covers agency arrangements and asset remarketing arrangements.
Typical products which we advise on include operating and finance lease agreements, hire purchase and conditional sale agreements, secured loan agreements, sale and purchase agreements, remarketing agreements, vendor and introducer agreements, end of term agreements and Islamic finance products. We also have experience in export credit transactions.
Our clients include banks, leasing companies, airlines, helicopter operators, train operating companies, brokers and arrangers, OEMs, vehicle rental and contract hire businesses, funds and governments.
Whatever the product or structure, we’ll provide high quality and cost-effective support to help you manage legal requirements and budgets.
Our finance lawyers are based across Europe, Asia Pacific, the Americas and Africa. So we can advise you on local and cross-border transactions, wherever you do business.
Experience
- Advising a global logistics provider in relation to its equipment lease facility with a European bank in respect of equipment to be used at a global logistics centre in Germany.
- Advising a European bank in relation to its asset finance and asset based lending facility to a fuel and gas logistics company covering England and Germany.
- Advising a multi-national media company in relation to its equipment finance arrangements in various European jurisdictions, including the negotiation of equipment lease terms with several asset finance providers.
- Advising various asset finance providers in relation to the drafting of template finance documents (including lease, hire purchase, conditional sale and loan agreements) and security and support documents (including chattel mortgages, security assignments and corporate and personal guarantees).
- Advising a vehicle finance provider on its stocking facility documentation, including agency arrangements and extended term financing.
- Advising a vehicle rental company on a revolving credit facility used for the financing of vehicle acquisitions and the moulding of the security and covenant package around its operational requirements.
- Advising an English bank in relation to its finance facilities for electric buses provided to major bus operator.
- Advising Latin America's largest provider of air mobility and delivery services on several helicopter deliveries and financings (including Ex-Im Bank financings) with different lessors across multiple jurisdictions (English, New York, Luxembourg, Portuguese and Brazilian laws).
- Acting for a major airline on the commercial JOLCO financing of 1x new A321 NEO aircraft.
- Advising a regional airline on multiple engine leases and financings.
- Advising an asset finance provider in relation to its acquisition of receivables arising various energy services agreements and the supporting security arrangements over the equipment and direct agreements in relation to key supplier contracts and site leases.
- Advising an international bank in relation to its purchase and onwards sale of receivables arising under agreements for the provision of energy and energy management facilities across various sites and associated security arrangements.
- Advising a bank on its disposal of its SME asset finance portfolio to a specialist asset finance provider.
- Advising a specialist asset finance provider in relation to a borrowing base facility to support its continued growth, involving the negotiation of a revolving credit facility, security package and intra-group assignment arrangements.
