Cross-Border Asset-Based Lending

European Capabilities

To meet the needs of our clients in Europe, our team of professionals established an office in London. This local presence allows us to provide customized solutions based on decades of experience in the asset-based lending market throughout Europe. Since establishing our London office, we have reviewed in excess of $4 billion of cross-border asset-based financings for our clients. Our European asset-based solutions are tailored to provide both single bank and syndicated financings for U.S. based companies with operating subsidiaries in the following countries:

Austria Germany Spain
Belgium Ireland Sweden
Denmark Italy Switzerland
Finland Norway The Netherlands
France Portugal United Kingdom

 

Our capabilities in cross-border lending provide you with greater efficiencies under one global credit facility, one credit agreement, one set of covenants and one bank group. Our experience in Europe has allowed us to develop local relationships with legal advisors, appraisers and field examiners who have expertise in the European market. These relationships lead to improved execution timelines, cost efficiencies and client experience.

Providing our clients with comprehensive service and solutions is our highest priority. In order to achieve this, we work closely with our partners in the Investment Bank to deliver the unparalleled expertise of J.P. Morgan. Our coordinated coverage allows us to deliver local relationships with global reach.

We know every company is different, so our approach is tailored for each client. Here are a few examples of how we can effectively deliver a solution to meet your needs:

  Client Need J.P. Morgan Solutions
Scenario One

Your company has one or more operating subsidiaries in Europe, each with an estimated borrowing base of $10 million or more

  • Operating foreign subsidiaries can become borrowers under a cross-border asset-based facility along with its U.S. parent company
  • Potential to borrow against other European subsidiaries' borrowing bases
  • Maximizes efficiency and liquidity
Scenario Two

Your company has a pool of assets in multiple European operating subsidiaries in different countries; all together creating a reasonable borrowing base

  • Assets can be transitioned to one central subsidiary; this subsidiary can centralize assets in favorable jurisdictions and maximize liquidity
  • Subsidiaries can also borrow against U.S. parent company's borrowing base along with other European subsidiaries' borrowing bases
Scenario Three

On a consolidated basis, your company has a small but growing European asset base in various operating subsidiaries; in a number of countries, with no significant amount of assets

  • Operating subsidiaries can become part of the U.S. credit facility with access to the U.S. parent company's borrowing base
  • Operating subsidiaries' assets can be added to the credit facility once a specific borrowing base value is reached
Scenario Four

Your company currently has no subsidiaries in Europe but you have future plans to acquire or create a subsidiary in Europe

  • Credit facility can be pre-programmed for the addition of European subsidiaries, as borrowers, in designated jurisdictions

 

Learn more about our local team of professionals:

 
 

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