Our Equipment Finance team has worked on transactions involving nearly every kind of asset that can be leased or financed, from oil rigs to aircraft and our experience extends to jurisdictions all over the world.
We partner with some of the Equipment Finance industry’s most prominent players including banks and other types of financers as well as equipment lessors. Our experience includes:
Mixed Collateral and Leasing / Equipment Finance
A significant part of our equipment finance practice deals with personal-property commercial financing with an emphasis on negotiating and documenting middle market and big ticket matters involving:
- manufacturing lines
- aircraft (corporate and commercial)
- vessels (barges and tankers)
- railroad rolling stock
- software and technologies
A special area of focus for us is tax motivated “true leases,” leases intended for security, off-balance sheet loans (synthetic leases), term and demand loans, commercial paper conduit transactions, and securitizations.
In addition to originating deals, our practice includes the syndication of, and participation in existing transactions and we regularly work with special forms of credit enhancements such as letters of credit, guaranties, and insurance policies. We also counsel clients on the acquisition and disposition of loan and lease portfolios.
Our team is well-credentialed and deeply experienced in handling all aspects of these deals, which allows us to be that much more involved with our clients, providing them with strategic advice on structure, validity, documentation, perfection and priority issues.
Representation of Equipment Lessors
As a leader in Equipment Finance, Womble Bond Dickinson represents lessors, debt participants and trustees in leverages, single investor and synthetic lease transactions involving aircraft, railroad freight cars and locomotives, vessels and nearly every other kind of asset that can be leased or financed – including electric generating stations, oil rigs, steel mills, satellites, automobiles, trucks, containers, nuclear fuel - rods, construction equipment and communication equipment.
No matter the asset class or deal structure, our attorneys are ahead of the curve in the commercial law, tax and accounting treatment issues facing the equipment leasing and lending industry.
Vendor finance (flow or structured transactions)
We represent financial institutions and corporate clients such as GE Capital, BB&T, Banc of America, ADP, MassMutual, Verizon, and IBM in this growing and viable segment of the equipment finance industry.
Handling transactions with collateral that is located, used and/or operated in more than one jurisdiction – both domestically and abroad
Whether dealing with an aircraft that needs to be flown to Central America or a truck that is used in interstate commerce, our attorneys are keenly focused on the issues that arise in such transactions and are adept at crafting solutions that meet the practical expectations of our clients and their customers while complying with governmental laws, rules and regulations.