Fund Finance Insights: Borrowing Base Constructs in First Half of 2024

Data compiled from the subscription secured credit facilities (“Subscription Facilities”) Haynes Boone documented in the first half of 2024 shows that as the fund finance market continues to grow, so too does innovation and creativity with respect to borrowing bases. To date in 2024, Haynes Boone has worked across from 36 different borrowers' counsels, highlighting the need for more transparent data on market terms such as borrowing base structures. The variety of approaches used by lenders and fund borrowers in constructing borrowing bases and the prevalence of certain features may come as a surprise to some. Please read the full Insight at the link below to learn more.