Stephen Bate
Senior Associate Corporate & Finance
Languages
English, French
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Overview
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Experience
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Credentials
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Articles
Stephen is a senior associate in our Debt Capital Markets group in London with more than 12 years' experience of advising arrangers and lead managers, bank and non-bank lenders, originators, sponsors and hedge counterparties on securitisation, structured finance, repackaging and other debt finance transactions. He has worked on deals involving a variety of underlying assets including automotive loans, equipment leases, SME loans, BNPL loans, aircraft leases and residential, commercial and agricultural property, as well as innovative financing structures relating to insurance, bullion and commodities among others.
Since joining the firm, Stephen has undertaken secondments to the Structured Capital Markets legal team at Lloyds Bank, to the Legal Department at Ford Credit Europe (FCE) and to Hogan Lovells’ Tokyo office.
Representative experience
Advising the UK Government as guarantor in various transactions involving the debt capital markets financing of more than 25 Airbus aircraft
Advising the lender on a EUR60m asset backed financing relating to electric scooters made available for public hire in various European countries
Advising the seller and servicer on DLL UK Equipment Finance 2019-1 plc, a debut public equipment lease securitisation
Advising the lender on a borrowing base facility backed by receivables arising from wine and spirits repurchase contracts
Advising the lender on a EUR 150m securitisation of receivables originated on a leading BNPL and flexible payments platform in Spain
Advising the arranger, hedge counterparty and lender in relation to a $110m bullion forward purchase and loan transaction
Advising the lender on a new private warehouse facility relating to UK dealer floorplan receivables for an established UK consumer auto lender
Advising the lender on various warehouse facilities in respect of SME equipment lease and working capital loan receivables, including loans guaranteed by the UK Government under the CBILS and RLS schemes
Advising on a major forward flow transaction relating to lifetime mortgage loans and a subsequent multi-series term securitisation programme
Advising a debt fund on the acquisition of a portfolio of non-performing loans backed by a chain of UK hotels
Advising Citibank and the JLMs on Azure Finance No 2 plc a £200m STS public securitisation of UK automotive HP receivables
Advising a major financial institution as arranger on a £500m securitisation of a portfolio of agricultural mortgage loans
Credentials
- Graduate Diploma in Law and Legal Practice Course, BPP University Law School, 2007
- B.A. (Hons), University College London, 2003
- The Law Society of England and Wales