Supply Chain Finance: Structuring and Documenting Approved Payables Financing Transactions

This program is intended to provide the essential background that a practitioner should possess in documenting and negotiating supply chain finance transactions. The program will initially consider the typical parties in supply chain finance transactions, their objectives and several key structuring issues to be addressed by the transaction parties and their counsel. We will present the structures for both “seller-centric” and “buyer-centric” programs, their economic objectives and their key benefits. In that context, we will summarize key “true sale” principles to be considered by the documenting parties. With this background, the Program will turn its focus to the International receivable based supply chain financing. We will review the typical structures, as well as the key concepts and contractual provisions arising in these transactions. Finally, we will explore the key issues pertaining to international supply chain financing.

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Terry D. Novetsky represents financial institutions, private equity funds and specialty lenders in asset securitization, secured lending and global trade finance transactions. Terry also advises on private equity structuring and represents senior lenders in restructurings, including bankruptcy debtor-in-possession and exit facility programs. Many of these transactions involve global companies and cross-border issues.

Terry advises many of the industry’s most active lenders in health care finance transactions. He also counsels several money center banks in loan asset programs with middle-market commercial lenders.

 

Both Chambers Global and Chambers USA have repeatedly recognized Terry as a leading practitioner in capital markets securitization. 

 

Rick Martinez represents lenders and borrowers in complex cross-border finance transactions. Clients seek Rick's guidance on cutting-edge matters and engage him in one-of-a kind assignments.

 

His practice covers a broad spectrum of contexts, including project finance, acquisition finance, asset based lending, and general working capital facilities, as well as trade, commodity and supply chain finance by means of letters of credit, pre-export credit facilities, and the purchase and sale of trade receivables. Most of these transactions have involved leveraged borrowers and thus have benefited from some form of credit support, whether in the form of a guarantee, letter of credit, derivative, a security interest in pledged property, or additional sponsor or parent company support.