Cadwalader Advises Axos Bank on $160 Million ABL Facility for Brightwood Capital

"Cadwalader represented Axos Bank in arranging a $160 million asset-based lending facility for borrower Brightwood Capital Fund IV. The rapid transaction released loans from a CLO to form the collateral package and borrowing base, highlighting Cadwalader's cross-practice capabilities and fund finance experience."

Cadwalader represented Axos Bank in a $160 million asset-based lending (ABL) facility for borrower Brightwood Capital Fund IV. The transaction involved a $160 million ABL facility to support Brightwood Capital Fund IV and formed part of Axos Bank's efforts to grow its lending platform and expand its product offerings. The deal was executed on a fast timeline: loans were released out of a collateralized loan obligation (CLO) to form the collateral package and establish the borrowing base. The structure and speed of the transaction served to highlight Cadwalader's cross-practice capabilities and the expanding ABL experience within its fund finance team. Cadwalader represented Axos Bank with a team composed by: fund finance partner Leah Edelboim and associates Ashley Flaherty, Joe Zekich and Danny Grossberg.

Cadwalader Advises Axos Bank on $160 Million ABL Facility for Brightwood Capital

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads