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Equipment Leasing & Finance

Miles & Stockbridge banking and finance lawyers have significantly strong experience in equipment leasing and finance. We represent operating lessors; financial institutions acting as an owner/lessor, seller or trustee; and corporate and municipal clients as lessees in all types of equipment transactions. We also work with operating lessor and financial institution clients to establish lease-origination joint venture programs in which each entity draws on the other's financial and operational experience and leverages such strengths to broaden and diversify its lease portfolio.

Our lawyers regularly handle complex, multimillion-dollar financings (including syndicated transactions involving multiple lenders and equipment located in multiple jurisdictions) and middle-market transactions with single lenders/lessors and borrowers/lessees. 

Railroad equipment finance is an area of particular strength, as our lawyers annually close over $100 million in the aggregate of sales and purchases of large single investor and leveraged lease portfolios, as well as triple net, per diem, and full service financings that include true and finance leases of a wide range of railcar equipment.  

Other representative examples equipment leasing and finance transactions include:

  • Leases of corporate jets, a leveraged lease financing of a DC-10 aircraft used for air freight delivery, and synthetic leveraged leasing of cargo vessels
  • Synthetic leveraged lease for a biotechnology production facility in which we represented the credit enhancement provider
  • Multi-tranche leveraged lease financing of manufacturing equipment located in multiple jurisdictions under lease to several major manufacturing corporations. For this situation, we represented the lessees and guarantor, as well as 1031 Like Kind Exchanges relating to sales and purchases of leased assets
  • Syndicated lease financing of used and new equipment for a start-up coal preparation plant, guaranteed by a foreign parent
  • True and finance lease financings of recycling equipment for a regional recycling company
  • Lease of medical equipment for a regional hospital
  • Tax-exempt leasing in which we assist political subdivisions entering into tax-exempt leases with equipment providers for essential equipment such as police cars, computers and telephone systems.

These Miles & Stockbridge banking and finance lawyers have a sound reputation for adept management of complex transactions involving multiple funding sources and difficult tax issues, as well as less complex middle-market deals. We draw on the firm's full resources in tax, securities, banking, real estate, bankruptcy and corporate law to develop creative, cost-effective and comprehensive approaches to our client's equipment financing needs.