Intercreditor Agreements: Key Issues for Asset-Based Lending
October 7, 2010
Asset-based lending is used by companies of all sizes and is available for companies across the spectrum of credit quality, form those in distress to those that are profitable. Given its use in such a range of circumstances, it is common to find a company using asset-based lending with other types of debt within its capital structure.
This article by Otterbourg attorney, David Morse, explores some of the intercreditor issues that are of particular concern when the debt involved is pursuant to an asset-based credit facility.