Monetizing the intrinsic value of tangible assets to unlock substantial institutional liquidity
Asset-Backed Lending allows companies and holding vehicles to structure competitive credit facilities secured against the orderly liquidation value of real collateral: customer receivables, industrial inventories, plant equipment, or securities portfolios.
Asset-Backed Lending · Tangible & Financial Collateral · Paris
When conventional corporate debt capacity based on EBITDA approaches leverage limits, balance-sheet asset mobilization becomes a key source of non-dilutive liquidity.
Decoupling from Standalone Corporate Risk
Facility sizing and pricing are primarily driven by collateral legal perfection, enforceability, and liquidation value rather than purely accounting operating profitability.
Flexibility of a Dynamic Borrowing Base
Implementation of revolving credit facilities indexed to a borrowing base that dynamically adjusts alongside business seasonality and working capital cycles.
Independent audit and valuation of operational corporate collateral
Independent valuation of pledged assets
The underwriting success of asset-backed financing relies on an uncompromising appraisal of Net Orderly Liquidation Value (NOLV).
We calibrate advance rates and liquidation haircuts to maximize available cash drawdowns while providing institutional credit funds with bulletproof legal security.
« Tangible balance-sheet assets are dormant liquidity reserves waiting for precise and rigorous financial engineering. »
ABL Advance Rates & Haircut Matrix
ABL BORROWING BASE MATRIX
Calibration of advance rates applied to the Borrowing Base according to liquidity profiles and legal perfection standards.
Four operational optimization levers for ABL facilities
We structure every technical layer of the asset-backed lending arrangement.
Borrowing Base Audit
Precise drafting of eligibility criteria and rigorous filtration of concentrated, disputed, or cross-aged customer invoices.
Off-Balance Sheet Deconsolidation (IFRS 9)
De-consolidating architectures enabling the derecognition of receivables to mechanically compress apparent leverage ratios.
Covenant Relief (Springing Covenants)
Replacing rigid corporate EBITDA covenants with minimum liquidity triggers tested exclusively when facility availability drops below thresholds.
Real Estate Sale & Leaseback
Monetizing industrial properties, corporate headquarters, or logistics platforms through long-term commercial leases preserving operations.
Four-stage implementation of an ABL credit line
Une exécution rythmée par des critères stricts de qualification et de structuration financière.
Asset Base Inventory
Granular legal and accounting census of eligible trade receivables, inventories, and equipment portfolios.
Independent NOLV Appraisal
Mandating accredited valuation appraisers to determine orderly liquidation recovery values under severe stress.
Borrowing Formula Structuring
Formulating the dynamic monthly borrowing base calculation and negotiating pricing terms with asset-backed funds.
Legal Perfecting & Initial Funding
Drafting pledge agreements, recording public statutory lien filings, and supervising the initial credit draw.
Complementary expertise
Private Credit & Corporate Debt
Combine collateralized asset lines and unitranche facilities to optimize the total financing package.
Real Estate Private Debt
Private debt secured against commercial, tertiary, and residential real estate assets.
Transaction Structuring & Debt
Contractual intercreditor documentation between asset-backed lenders and commercial banking pools.