ABL provides secured financing against receivables and/or other collateral classes (including inventory and plant & machinery) for corporate clients including those owned by private equity sponsors.
Asset Based Lending
Our ABL team offers various solutions to finance working capital needs of mid-market businesses.
What is Asset Based Lending?
ABL is an attractive financing option owing to its flexibility including lighter covenants and competitive pricing compared to other financing products. ABL providers have demonstrated strong appetite for appropriately structured debt and proven ability to support businesses through cycles.
ABL can be used to fund working capital, refinancing, expansion, back-to-back funding, turnaround and event driven financing, such as acquisitions.
ABL is available for a multitude of purposes, sectors and across the credit spectrum to support appropriate capital structures.
Who is a typical client of ABL?
ABL is suitable for companies that:
have high working capital requirements due to seasonality
have high growth (either organic or via acquisition)
are privately owned, sponsor owned or publically listed companies
are in more cyclical, lower margin or asset rich sectors, with focus on collateral and underlying liquidity
are undertaking a turnaround or require restructuring of existing funding arrangements
have a requirement for revolving credit to work alongside other debt structures, such as leverage finance, mezzanine debt, high yield bonds & Unitranche
Why choose CIC London for ABL?
At CIC London, we undertake the origination, structuring, execution and the ongoing management of syndicated ABL solutions
We have experienced professionals who have worked across all spectrums of the credit process
We can fund in most European countries and beyond, leveraging CIC’s vast international presence and experience
We are happy to lead, club or participate in transactions through a wide range of hold levels (via our head office in Paris)
Jacob heads up the Asset Based Lending team at CIC London. He joined CIC in 2021 and has over 15 years’ experience in finance. Prior to joining CIC, Jacob spent the majority of his career at HSBC and RBS, and more latterly working for the London branch of a US debt fund. He is a graduate of Swansea University.