Asset Based Lending (ABL) provides fast-growing or highly leveraged companies with working capital. RBC has been active in the North American ABL market since 1999, and today has a dedicated team of experienced professionals in Canada and the United States, who provide ABL solutions to companies in the Capital Markets spectrum.

Our professionals work closely with clients to establish funding that meets the unique characteristics of their industry and business. This tailored approach is carried through in our ongoing servicing to ensure our ABL solutions allow clients to focus on what they do best: grow their business and succeed.

Products & Services

Our ABL group provides companies with committed revolving lines of credit under a covenant light structure. These forms of financing are ideal for companies that are:

  • Looking for growth financing
  • Funding a merger or acquisition
  • In a cyclical or seasonal industry
  • Faced with high leverage, outside of conventional lending criteria
  • Experiencing restricted cash flows or in a turnaround situation
  • Need to refinance existing debt, restructure and/or recapitalize
  • Financing a management or leveraged buy-out

Asset-Based Revolving Lines of Credit

  • More flexibility than a traditional operating facility
  • Advances of up to 85-90% on accounts receivable and 85-90% of appraised inventory value
  • Facility limits are based on asset lending values to maximize access to capital
  • International / cross-border financing structures
  • Loan facilities available in Canadian and/or US dollars and many other currencies
  • Solutions available for midsized and large companies (facility sizes range from $50 million to large syndicated transactions of more than $1 billion)
  • Committed facilities with terms up to five years

Our team

Asset Based Lending

Pierre Noriega

Head,
Asset Based Lending, RBC Capital Markets