Contributors

ST. PETERSBURG, FLA.—Womble Carlyle attorney Merrick Benn was a speaker at the Equipment Leasing & Finance Association (ELFA) Legal Forum. In addition, attorney Chip Sturm represented the firm at the forum.

Benn took part in a Syndications Roundtable which facilitated open discussion around key topics including (i) the types of provisions syndication buyers should look for in a syndicated equipment lease or loan, (ii) the types of forms that are sold in the equipment financing syndication market and how to evaluate the risks of negotiated provisions and the inevitable different T&Cs of the various forms, (iii) issues that arise when buyers further assign the syndicated paper after their initial purchase, (iv) the different types of notices of assignment and customer negotiations of the terms of the notice and (v) servicing issues in a syndication.

Joining Benn in the roundtable were attorney Kimberlee Coleman and GE Capital U.S. Holdings, Inc.’s Mark Kohler.

The ELFA Legal Forum took place May 7-9.

Merrick Benn has wide-ranging experience in financial transactions with a practice concentrated primarily on representing lenders and lessors in all aspects of equipment finance with an emphasis on transportation assets including aircraft (corporate and commercial), rail equipment and locomotives and vessels (barges and tankers). He has more than 15 years of experience representing some of the most active bank-affiliated and large, independent equipment financing companies in the US in developing standard lease and syndication documentation, including the implementation of titling trusts. Benn practices in Womble Carlyle’s Baltimore office.

Chip Sturm represents banks, finance companies and borrowers in a wide variety of commercial lending and equipment finance transactions.  Chip draws on his prior experience as in-house counsel to one of the country’s largest banks to advise clients in structuring and documenting a variety of taxable and tax-exempt transactions. In addition to his lending transactions practice, Sturm also helps lenders and lessors develop standard commercial and municipal loan, lease, and syndication documentation.  He practices in the firm’s Baltimore office.