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Asset-Based Lending: A Practical Guide to Secured Financing (8th Edition)

 
Author(s): John Francis Hilson, Katherine E. Bell
Practice Area: Banking
Published: Sep 2015
Supplement Date: Sep 2016
ISBN: 9781402424939
PLI Item #: 138292

The new eighth edition of Asset-Based Lending: A Practical Guide to Secured Financing provides step-by-step coverage of the current structures, documents, risks, and protections at the heart of this complex specialty.

This hands-on resource clearly:

  • explains the features, uses, mechanics, upsides and downsides of this sophisticated secured financing technique
  • covers the asset categories that are most prevalent, including accounts receivable, inventory, and equipment, together with a detailed discussion of intellectual property financing,
  • instructs you as to competing liens and priority considerations that should remain top of mind, and
  • provides exemplars of a range of pertinent documents and checklists.

Asset-Based Lending also guides you on how to:

  • identify and plan for bankruptcy risks when analyzing secured loans
  • anticipate and resolve conflicts between agents and loan participants
  • identify lenders’ exposure to lender liability, environmental, securities, and tax laws in their dealings with borrowers

Packed with over thirty forms and checklists, Asset-Based Lending: A Practical Guide to Secured Financing is an important tool for every attorney, executive, business professional, and public official involved in secured financing.

“A lifetime of practical experience synthesized into a useful and readable book.” – New York Law Journal

“A polished gem that deftly brings into focus the major issues.” – The Secured Lender

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John Francis Hilson is a partner in the Los Angeles office of Paul, Hastings, Janofsky & Walker LLP. His practice areas include assetbased finance, commercial finance, secured and unsecured finance, loan workouts, letters of credit, interest and usury, and foreclosures. Mr. Hilson represents major financial institutions in the negotiation, documentation, and closing of complex finance transactions. He has written for the Uniform Commercial Code Law Journal and the National Law Journal and has lectured extensively before many groups, including the American Bar Association, the Bank Lending Institute, the Commercial Finance Association, Practising Law Institute, and the Strategic Research Institute.  Admitted to practice in California and Massachusetts, he is a member of the American Law Institute; a Fellow (and former Member of the Board of Regents) of the American College of Commercial Finance Lawyers; Member of the ABA Uniform Commercial Code Committee; Past President and Member of the Board of Governors (and Member of its Executive Committee) of the Financial Lawyers Conference; and Member of the ABA Commercial Financial Services Committee. He has been selected as a leading banking and finance lawyer by Chambers Global for 2006 (Level 1 Ranking), identified as a leading banking lawyer in Who’s Who Legal, and identified as a highly recommended banking and finance lawyer in Global Counsel 3000.  Mr. Hilson received his J.D. from the University of Colorado Law School, where he was Comments Editor of the University of Colorado Law Review. He received his B.A. from Boston University.


Katherine Bell is a partner in the Finance and Restructuring practice of Paul Hastings and is based in the firm’s Orange County office.

Her practice focuses on commercial and corporate finance transactions. Ms. Bell regularly represents commercial banks, investment banks, finance companies, other lenders, and borrowers in working capital facilities (cash flow and asset-based), acquisition financings, structured financings, and other leveraged finance transactions including leveraged buyouts, restructurings, and recapitalizations. Ms. Bell has significant experience negotiating intercreditor relationships, including 1st Lien/2nd Lien transactions, split collateral arrangements, and unitranche “A/B” transactions. She has industry experience in a variety of business sectors and has considerable experience in cross-border transactions.

Ms. Bell is recognized by Chambers USA as a leading finance lawyer. Chambers USA 2015 has noted that Ms. Bell "is one of the most hard-working people and she really pushes for her clients." In addition to directory recognition, Ms. Bell’s article, “Women in Commercial Finance: Growing Our Ranks” was published in the industry periodical, The Secured Lender.