Natalie Lake
Associate
Norton Rose Fulbright LLP
Related services and key industries
Biography
Natalie Lake is a banking and finance lawyer based in London.
Natalie joined our London practice in October 2023, having spent time in Geneva and London advising on trade finance transactions. Natalie has advised lenders and borrowers on a variety of complex, structured bilateral and syndicated financings. Her work focuses on a mix of cross-border trade and commodity finance along the trading lifecycle, from pre-export finance and prepayment facilities, through to warehouse/inventory financing, borrowing base facilities and supply chain finance (receivables purchase facilities; insured receivables financings; invoice discounting and other forms of supply chain finance).
Professional experience
Collapse all- United Kingdom 2023
- Solicitor
- Advising an insurer on the risks associated with providing cover to a bank who provides metals leasing products to its customers.
- Advising a German bank on a EUR 200m LC issuance facility entered into with a global trader.
- Advising a US financial institution on its book of supply chain finance business on a repeat basis, advising on various aspects of receivables purchase and payables purchase deals with counterparties in various jurisdictions.
- Advising a Dutch bank on its template receivables purchase agreements for its roll out of a new supply chain finance programme.
- Advising a platform services provider on the financing documentation required for its launch of a new receivables trading programme.
- Advising a large international bank as seller on the sell-down of $1 billion of on-balance sheet risk accrued under the issuance of insurance letters of credit, by way of unfunded participation to three different bank participants.
- Advising a large regional development bank on its template master risk participation agreement, under which the bank would act as participant to help local banks finance projects within their jurisdictions/remit.
- Advising a large international bank on their rights to serve notice of non-renewal in respect of an evergreen LC where sanctions risk has been highlighted with respect to the applicant.
- Advising a large international bank as participant on an unfunded risk participation transaction entered into with another international bank as seller.
- Advising a large coffee trader, as borrower, on the refinancing of its $500,000,000 senior sustainability-linked borrowing base facility under which a syndicate of 16 banks financed its operations (buying, transporting, storing and on-selling of coffee), secured by charges over bank accounts, receivables and warehoused coffee stocks in 10 jurisdictions. ESG KPIs were built into the financing itself, as well as the inclusion of a digital agent which manages the reporting and reconciliation of coffee warehouse information provided by the warehouses. (https://www.gtreview.com/news/europe/coffee-trader-sucafina-clinches-us500mn-borrowing-facility/ ). Subsequently advising the same coffee trader as borrower on the increase of the $500,000,000 borrowing base to $740,000,000 with accordion option of $160,000,000 (totalling $900,000,000).