Walker Morris advises ASCO on expansion of £80m ABL facilities
8th July 2026
Walker Morris has advised ASCO, an Endless LLP portfolio company, on the successful expansion of its asset-based lending (ABL) facilities through a new five-year club structure and increased term loan commitments with BZ and Leumi UK.
Headquartered in Aberdeen, ASCO provides materials management and logistics services to the global energy industry. The enhanced funding package involved a complex, multi-jurisdictional ABL financing structure, providing ASCO with increased financial flexibility to support its ongoing strategic objectives and future growth plans.
Walker Morris advised ASCO on all legal aspects of the transaction, with the team led by Partner and Head of Banking & Finance, Philip Scott, supported by Senior Associate Lauren Hall and Associate Rachael Bradbury.
Philip Scott, Partner and Head of Banking & Finance at Walker Morris, said: “We are delighted to have supported ASCO on this financing and the next phase of its growth. The transaction demonstrates the flexibility and value that asset-based lending can offer to private equity-backed businesses, particularly those operating across multiple jurisdictions.
“This deal is the latest in a series of ABL and private equity-backed financings on which we have advised across both UK and international markets, highlighting both the continued strength of the ABL market and our experience in delivering complex funding solutions for sponsor-backed businesses.”
