Tombstone: "Monument, structure or memorial erected to commemorate persons or events"
ASF Group specialize in the origination, structuring, underwriting and ongoing management of “stand alone” equipment finance facilities – predominantly from $1.00 million and upwards. Individual draw-downs under facilities established may be for smaller sums.
During the past 25 years, the group has completed a large number of significant facilities however the following “tombstones” provide a small cross-section of lines we have established.
In a post GFC environment, Senior Debt and core banking facilities generally:
- Remain subject to annual review and are of relatively short terms (e.g. 36-60 months)
- Attract Establishment, commitment and ongoing line fees
- Rely upon direct recourse to the borrowers balance sheet and;
- Contain financial covenants with re-pricing mechanisms in the event of covenant breach.
In a post GFC environment, Chattel Finance facilities in comparison are generally:
- For periods of between 4 to 10 years depending upon the asset class and underlying credit profile and are fixed rate
- Without re-pricing mechanisms for credit deterioration/ covenant breaches
- Without fees – simply an all up rate/ margin
- Stand –alone – relying upon the underlying asset as security
