Originally aired November 8, 2011. The landscape for asset-based lenders is changing and borrowers increasingly expect lenders to include foreign collateral in the borrowing base. Asset-Based lenders who want to learn more about considerations when formulating a Canadian borrowing base should attend this webinar. Following up on a prior popular webinar from earlier this year, our presenters will provide you with a practical “top ten” list of the factors and considerations to keep in mind when you are asked to establish a Canadian borrowing base in your next deal.
Attendees will learn:
· Develop an understanding of structuring considerations when establishing separate Canadian and U.S. borrowing bases
· Factors to consider when including Canadian assets in the borrowing base
· Canadian considerations when establishing eligible inventory and eligible accounts definitions
· Canadian-specific considerations when establishing reserves (e.g. for priority payables, rent, pension plans, etc.)
· Basics of Canadian priority payables (e.g. statutory super-priority liens, implications of the Wage Earners Protection Program Act (Canada), etc.)
Presented by:
Bindu Cudjoe, Partner, McMillan LLP
Stephanie Robinson, Partner, McMillan LLP