News - Midlands
BJ sees return to ABL
Banking lawyers at Browne Jacobson have seen a resurgence in asset-based lending (ABL) following a recent wave of transactions and refinancing deals totalling more than £50m. In the last two months ABL has been central to six of the 12-plus deals the firm's banking team has completed. The latest of these deals involved advising Lloyds TSB Corporate Markets and Lloyds TSB Commercial Finance on a three-year £35m funding facility for DBC Foodservice Group which included £20m of invoice discounting.