Asset-Backed Finance

Pillsbury’s Asset-Backed Finance practice group represents lenders, lessors, lessees, and financial intermediaries in connection with all aspects of asset finance transactions, both nationally and internationally. We help companies manage the cost of complex equipment transactions by selecting the most advantageous financing structures and negotiating favorable financing packages with banks, leasing companies, and other providers.

Industry Experience
We represent clients in leasing transactions involving a diverse range of assets, including aircraft, railcars and locomotives, vessels, trucks, containers, cogeneration and other production facilities, high-technology equipment, medical equipment, cogeneration plant assets, and construction equipment.

Comprehensive Tax Solutions
Our team advises clients on federal and state tax aspects of asset finance, including preparation and negotiation of tax indemnities, rendering tax opinions, and providing ongoing advice regarding changes in federal and state tax law. Common issues include true lease and early buyout option analyses, rent allocation and prepaid rent issues, cross-border lease structuring, and assistance in connection with tax audits.

Our attorneys have handled virtually every type of asset financing, including:

• Foreign and domestic leveraged leases
• Sale leasebacks
• Synthetic lease transactions
• Single investor leases
• Complex Eurodollar facilities
• Cross-border leases
• Credit and collateral support
• Securitization of lease receivables
• Conditional sales transactions
• Option transactions

In addition, our attorneys are frequently asked to assist with the due diligence and acquisition documentation relating to portfolios of equipment owned by third-party banks or other leasing companies.