Overview
Locke Lord represents national and regional lenders in a variety of secured and unsecured lending transactions. We bring a practical, responsive approach to meeting our clients’ needs — whether the lender is acting individually or as an agent, with a single borrower or multiple borrowers. Our documents are clear and straightforward, yet comprehensive and fully protective of our clients’ interests.
Clients seek our representation in multi-state and cross-border transactions. We have provided borrowers with a variety of pricing options and have protected lenders with our knowledgeable application of the Uniform Commercial Code. Our commercial lending attorneys have experience with many types of collateral, including collateral with specialized perfection requirements, from aircraft, locomotives and ships, to proceeds of litigation, to various types of intellectual property. We know how to deal with the hidden risks of lending to borrowers whose collateral may be subject to “shadow” liens, such as “hot goods,” PACA and PASA. Our experience with loan documentation and our understanding of commercial transactions, especially in the middle-market, is a valuable supplement to a lender’s own due diligence. We are experienced with syndications, participation agreements, subordination agreements and intercreditor agreements. We can protect lenders against the claims of the IRS and other tax authorities, employees, processors, warehousemen, landlords, consignors and other third party claimants who might otherwise obtain superior rights in a lender’s collateral.
Locke Lord represents lenders in connection with loans to manufacturers, distributors, insurance companies, the transportation sector, importers, service companies and non-profit institutions. From representing a borrower in a $3.5 billion syndicated credit facility to representing a lender in $23 million in term loans and revolving facilities, our firm has the depth of experience to handle any commercial lending transaction.