Andy is a Senior Associate in Osborne Clarke's banking and finance practice. He specialises in receivables finance, asset-based lending, specialty finance and trade finance.
Andy has experiencing advising clients based in the UK and internationally. He acts for lenders, including clearing banks, challenger banks, independent ABLs, specialist lenders, other non-bank and alternative lenders, agents and account banks as well as advising corporate borrowers.
He has acted for both borrower and lender clients on a wide range of bilateral and syndicated form trade and working capital products and alternative lending structures. He also has experience advising UK banks, specialist lenders and market entrants on the development and implementation of template documentation for asset-based funding products.
Helping you succeed in tomorrow's world
I support clients with the negotiation and implementation of working capital facilities and asset-based funding solutions to unlock growth and development potential for businesses across a range of sectors.
A main market listed UK-based PLC in respect of £70m asset based lending facilities comprising of receivables and inventory facilities provided to UK, US and Belgian based group members.
Leumi ABL in relation to its participation in £90m aggregate receivables finance and term loan facilities (provided on a club basis with Breal Zeta CF) to EVO Business Supplies Limited.
Berry Bros. & Rudd
Advised Berry Bros. & Rudd on £52m asset based lending facilities provided against inventory and real property.
Silicon Valley Bank (German Branch)
Silicon Valley Bank (German Branch) on a US$60m debt facility to finance the purchase of receivables provided to a subsidiary of Modifi (a Berlin-headquartered, trade finance focused FinTech).
Paragon Bank PLC
Paragon Bank PLC on a £25m borrowing base facility secured over unregulated receivables for a bridging and property finance provider.
Silicon Valley Bank (UK Branch)
Silicon Valley Bank (UK Branch) on a DKK186m facility to a leading Danish factoring and working capital provider.
Leumi ABL in relation to a structured senior and ABL deal for facilities totalling £74m with Argent Foods Group.
UK asset based lender
A UK asset based lender on £8.1m combined invoice discounting and plant and machinery facilities and associated restructuring of a civil engineering solutions business.
Close Invoice Finance
Close Invoice Finance in respect of an asset based lending facility provided to a UK-based manufacturing group to facilitate an acquisition and ongoing working capital requirements.
Availability of working capital remains a priority for SMEs in 2022
ABL and receivables financing set to provide a working capital lifeline for businesses coming out of lockdown
With lockdowns forcing many businesses to cease or radically alter their trading, Covid-19 has had a particular impact on businesses'...