Successful relationships between lenders and commercial borrowers depend on clearly defined agreements. Our Commercial Finance and Lending team helps clients explore the full spectrum of finance options and develop the complex contractual terms that are key to mutually beneficial relationships.
Clients benefit from our focus on strategic issues and in-depth knowledge of a wide variety of industries, which enable us to negotiate terms that protect them throughout the lending relationship. We also offer creative solutions to challenging situations, including:
- Providing practical, effective advice in distressed financial situations
- Structuring and closing complex financial transactions
- Resolving difficult and adversarial financial disputes (including through litigation)
- Facilitating strategic acquisitions from distressed sellers (in and outside of bankruptcy)
From structuring the transaction to performing due diligence, negotiating terms, drafting documentation, securing complex collateral, coordinating all aspects of the deal, and resolving post-closing issues, our team helps facilitate timely and cost-effective deal flow.
LIBOR Transition Services
Our attorneys counsel lenders, borrowers, and derivatives counterparties on the LIBOR phase-out and its impact on contract terms. Millions of loan agreements and other financial contracts that reference LIBOR need review and amendment.
To help banks process LIBOR amendments in large numbers, Michael Best developed an efficient process that combines decades of human experience with a proprietary software platform. Using the platform’s advanced AI tools, we can quickly identify and inventory relevant contracts and language. Our High-Volume Documentation team then reviews the identified contracts and drafts necessary amendments.
We provide high-volume documentation services to financial services clients throughout the United States. We’ve adapted our approach for a variety of loan documentation projects and are now applying it to the LIBOR transition. Michael Best’s technology-enhanced review process saves time and money—and we pass that along to our clients.
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