Drawing upon 'deep industry knowledge', Norton Rose Fulbright provides 'very commercial' advice to funders, corporates and sponsors across a wide-range of ABL techniques, including in the context of bilateral and syndicated facilities. Under the guidance of the 'excellent' Michael Black, the team has forged a very successful practice handling domestic as well as big-ticket cross-border mandates. Much of the international work is for core lender client, Bank of America, which is appreciative of the firm's ability to provide complex structured advice which incorporates ABL facilities alongside other debt in the capital structure. Alex Dunn has 'extensive ABL knowledge on both UK and cross-border transactions', and is a key member of the team, as is counsel Helen Masri, who is noted for her 'exceptional technical ABL knowledge' and ability to provide 'thoughtful and creative solutions'.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

'The team is commercial and will not negotiate for negotiations sake, they understand the key points of concern for me as a lender and are able to explain complex legal points in a simple manner.'
'They have deep industry knowledge and we often utilise this expertise in the initial structuring of the facility.'
'Alex Dunn has extensive ABL knowledge on both UK and cross-border transactions. Her understanding of more complex structures is second-to- none and her knowledge and input helps us to structure innovative solutions.'
'Helen Masri has exceptional technical ABL knowledge and is able to break down complex points so that they are easily understood. She has a great ability to balance legal risk and will often come up with thoughtful and creative solutions.'

Key clients

Barclays Bank
Bank of America
JP Morgan
Wells Fargo Capital Finance (UK) Limited
PNC Bank, National Association
Aurelius Group
Bantry Bay Capital
Deutsche Bank AG
Goldman Sachs Bank USA
Macquarie Capital Funding LLC

Work highlights

Advising Barclays Bank as arranger of a $500m asset-based lending facility to entities related to Clayton, Dubilier & Rice LLC in relation to the acquisition of LABL Acquisition Corporation from Platinum Equity.
Advised Bank of America as arranger of a $250m syndicated asset-based lending facility for the global shoe retailer Clarks in relation to its trading in the UK and the USA.
Acted for new client Aurelius Group on the financing of its acquisition of the Minova Group, a carve out from the Australian listed mining company Orica, for AUS$150m.