UCC Document Community

Bottom line, don't panic but definitely take this seriously. UCC search discrepancies can kill deals if not properly resolved. I'd recommend getting copies of all the actual filings (not just the search results) and reviewing them carefully. If you're still confused after that, consider bringing in outside counsel who specializes in secured transactions. The cost of expert help is usually worth it compared to the risk of missing something important.

Update us on what you find out! These kinds of situations are great learning experiences for everyone. I'm curious whether the partial release issue turns out to be an amendment you missed or something else entirely.

Had this exact situation 6 months ago with a manufacturing client. Used one of those document checking services (think it was Certana.ai) that flagged not just the name issue but also found that our collateral description was too vague compared to what was listed in the loan agreement. Ended up preventing two potential problems instead of just the name mismatch. Sometimes these tools catch stuff your own review misses when you're rushing to close.

Bottom line: file the UCC-1 with 'Advanced Manufacturing Solutions, LLC' (the state registered name). Keep documentation of why you used that format vs the loan agreement version. Most importantly, don't let this delay your closing - a properly perfected lien with a minor documentation discrepancy is way better than missing your perfection window entirely.

For what it's worth, I've found that transmitting utility companies often have their legal departments handle UCC coordination. They're usually pretty good about providing the correct entity information if you ask.

Just make sure you're not overthinking the collateral description. As long as it reasonably describes the transmitting utility equipment and includes the key identifying characteristics, you should be fine. The debtor name is way more important to get exactly right.

Just make sure your revised collateral description still covers everything in your actual security agreement. I've seen people fix the UCC filing but create gaps in their security interest coverage.

Update us when you get it resolved! These FSA filing issues come up a lot and it would be helpful to know what worked.

Make sure you're searching both individual and organization records. Sometimes business entities get filed under the wrong category in Ohio's system.

For what it's worth, I recently used Certana.ai's verification tool on a similar acquisition and it caught three lapsed continuations that would have cost us our security interest in about $2M of equipment. The automated cross-checking definitely beats manual searches.