FILO (First-In, Last-Out) ABL Tranche

What is it?

DirectLenderMatch classifies FILO (First-In, Last-Out) ABL Tranche under the financing form “Incremental ABL tranche.” Its typical use in this directory is: Increase availability behind conventional ABL tranche.

How does it work?

The structure is generally evaluated, supported, or secured using the following basis: Borrowing-base assets at higher advance/risk. Exact underwriting, eligibility, terms, and availability are provider-specific and can change.

What can it be used for?

Increase availability behind conventional ABL tranche.

What backs or supports it?

Borrowing-base assets at higher advance/risk.

Why does this structure exist?

This structure provides a defined way to address the financing need described above. The provider, transaction, collateral, and underwriting context determine how the structure is implemented in practice.

Important considerations

Confirm current costs, risks, licensing, eligibility, collateral treatment, recourse, tax consequences, and availability directly with the provider and appropriate professional advisers. DirectLenderMatch does not compare rates or recommend products.

Is this actually a loan?

Verified lenders or providers

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