Overview

Our expert lawyers advise financiers and corporates on rail asset backed lending structures. We have a national reputation for our highly respected work in the rail sector acting for both financiers and train operating companies (TOCs). We are one of the few firms in the UK with the asset finance and sector experience to undertake high level, complex rolling stock leasing work. We also advise on aircraft and equipment financing, both domestic and cross-border.

We have advised both lenders and borrowers on recourse and non-recourse receivables finance.

Areas of focus

Our expertise in asset finance and asset backed lending includes the following:

  • Advising on syndicated and bilateral receivables finance documentation.
  • Review of precedent receivables/leasing/hire purchase documentation and stocking finance facilities, as well as assisting with creation of suites of precedent documentation.
  • Operating leases for rolling stock.
  • Cross-border aviation finance and sales and purchase of aircraft.
  • Equipment finance.
Experience

Advising a global transport operator on drafting pro forma bus operating lease documentation; and implementing these arrangements.

Advising KfW IPEX Bank on various receivables finance facilities across multiple jurisdictions.

Advising a fund lender on the mezzanine position in relation to a securitisation of mortgage backed loans.

Advising Hovertravel on its financing of two commercial hovercraft operating between the UK and the Isle of Wight, financed by Barclays Bank.

Advising RBS on the financing and leasing arrangements on a portfolio of corporate jets.

Advising a family office on the sale of a business jet to a far Eastern purchaser.

Advising an individual on the purchase of a number of Cessna jet aircraft and operating arrangements for use by a commercial operator of aircraft.

Acting for a HNWI on the cross-border refinancing of a super-yacht.

Advising on a proforma agency agreement regulating the entry into leasing arrangements in respect of shipping containers.

Advising a corporate client on an invoice finance line put in place to finance a management buyout.

Acting for Lloyds Bank on a syndicated receivables finance agreement for Noble Food Group.

Drafting and negotiating master lease arrangements for over four franchises for non-rolling stock assets such as ticket machines, CCTV and gates.

Meet the team
Racheal Ruane

Rachael Ruane Partner

  • Corporate Banking
  • Real Estate Finance
  • Asset Finance and Asset Backed Lending
Brioney Thomas

Brioney Thomas Partner

  • Head of Transport
  • Asset Finance and Asset Backed Lending
  • Commercial
Stuart McMillan

Stuart McMillan Partner

  • Banking
  • Energy finance
  • Infrastructure finance

What others say...

They are knowledgeable, flexible and approachable.

Legal 500, 2021

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