FSPM Assists with Asset-Based Loan Facility

During Q2 2026 FSPM’s attorneys represented a borrower, a U.S. subsidiary of an indirect non-U.S. parent, in documenting, closing and funding a new $60 million asset-based revolving loan facility provided by a large financial institution as agent for a lender group. The facility includes an “accordion” feature under which the amount available under the facility could grow to over $100 million.