Equipment finance companies and banks rely on Merrick Benn to provide real-world solutions to everyday business challenges, balancing risk management with helping companies grow.
Merrick’s practice includes the handling of all aspects of equipment financing transactions including substantial experience in structuring, documenting and negotiation of single investor Lease Agreements (true/tax motivated, finance, TRAC and synthetic), secured financings, progress payment financings, syndications, leveraged financings, cross-border transactions, discounting, inventory and receivables financings, asset backed securitizations, project finance and other forms of structured finance. Merrick nearly 20 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.
Merrick has extensive experience with:
- Corporate & commercial aircraft
- Locomotives & rail equipment
- Barges & Tankers Trucks and other heavy equipment
- Manufacturing/construction equipment
- Computer hardware & software licenses
- Mining equipment
- Medical equipment
- Modular storage facilities
Merrick’s experience comprises credit enhancements, including guaranties, letters of credit, certificates of deposit, cash collateral, deposit accounts and pledges of certificated and uncertificated securities.
Merrick’s clients often turn to him for counseling on the acquisition and disposition of large loan and lease portfolios comprised of all asset classes.
Any result the lawyer or law firm may have achieved on behalf of clients in other matters does not necessarily indicate similar results can be obtained for other clients.
Represented a group of three Lessors in the financing of fleet of four (4) new Gulfstream Aircraft under a synthetic lease structure for a subsidiary of a publically traded company. The transaction included progress payments during the manufacturing process of the aircraft.
Lead counsel to national bank in a series of warehouse loans to NY Fund secured by a pool of rolling stock.
Represented Agent in syndicated loan facility of fleet of double hulled articulated tug-barges for use in Great Lakes.
Represented National Bank in acquisition of large portfolio of equipment loans and leases comprised of mixed collateral assets
Lead Counsel to owner participant and syndication agent in the creation of titling trust for large pool of over-the-road vehicles and subsequent syndication of sub-interests in trust estate.