In-Transit Inventory Financing: Key Issues for Shippers and Lenders

Mr. Cianciotti helps banks, other commercial lenders, and borrowers structure, negotiate and close secured loan transactions. Clients rely on his attentive, client-centered approach to help navigate complex legal issues and find practical solutions to move transactions forward. A member of the Firm's Financial Services Transactions Group, he helps his clients provide or obtain the capital needed to support regional, national, and international businesses to succeed. His experience includes asset-based and cash-flow working capital facilities, equipment and acquisition financing, and venture debt and growth capital financing. He frequently advises clients in structuring credit agreements to allow for the financing of inventory manufactured outside the United States during the period that it is in transit to the United States. He has also helped develop novel, client-specific supply chain finance programs.

Clients call on Mr. Todd from across all points in the supply chain including the manufacturers, retailers, technology companies, carriers, forwarders, and brokers to address issues ranging from regulatory licenses and permits, establishing relationships with contractors or suppliers and customers, international trade compliance, safety training and threat awareness, implementation of practical operational paperwork, claims handling and incident response, government investigations and enforcement, to litigation or arbitration for the disputes that arise. An industry thought leader, Mr. Todd’s articles or quotes by journalists have been published over 130 times and he has presented over 50 times at conferences in the U.S. and Canada.

Ms. Kresge oversees the firm’s commercial finance and creditors’ rights practice. With a focus on commercial finance, she represents businesses and financial institutions — including banks, credit unions, and mortgage servicers — in both transactional work and commercial litigation. Ms. Kresge handles corporate restructuring and creditors’ rights matters, representing secured creditors, trade claimants and other parties-in-interest in Chapter 7 and Chapter 11 bankruptcy and receivership cases in jurisdictions across the US. She routinely counsels commercial lenders and borrowers in connection with secured and unsecured credit facilities, asset-based financing, loan workouts, commercial and residential foreclosures and other lending and business transactions.