ABL Facility Registry
Asset-based lending facilities identified in SEC filings by their
borrowing-base structure rather than by the words “asset-based”.
Every extracted value carries the exact clause it came from, checked against the filed document.
Company ↕
Status
Facility size
AR advance
Inventory advance
Agent
Last filing ↕
Evidence ↕
No matching companies.
Method
Discovery searches EDGAR full-text for "borrowing base" — the structural
feature that makes a facility asset-based. The label “asset-based” is neither
necessary (many executed ABL agreements never use it) nor sufficient (it also saturates
EDGAR's 10,000-result query ceiling every year since 2003, largely with asset-backed
securities material). Tested against companies that do self-describe, the structural term
misses only 2–4% of them.
A deterministic screen then separates working-capital ABL from the other products that use
the same term, before any language model runs. A facility qualifies only if its borrowing
base runs over eligible receivables or inventory. What the screen ruled out:
Every extracted value must quote its source. The
model returns a verbatim span per field; each span is matched back against the filed
document, and any claim whose quote cannot be located is discarded rather than shown.
Quotes marked fragmented matched clause-by-clause in order
rather than as one contiguous run; weak marks a short span
that recurs in the document and so pins the value less tightly.
What this does not cover
Private borrowers are invisible. Companies with no SEC filing obligation
cannot appear. A large share of ABL — industry survey estimates put it near 40% — is
non-syndicated and lent bilaterally to private companies, and no filings-based method
reaches any of it.2001 onward only — EDGAR full-text search does not index earlier filings.One document per company. Each entry is a snapshot from the
highest-value filing found, not a facility history; amendments after that date are not
reflected.Detection identifies facilities , and says nothing about credit quality,
deterioration or performance.