Solutions
Three practices, separated by what the transaction requires rather than by how strong the borrower is.
A performing company may require either conventional corporate credit or a structured-credit solution. The distinction is determined by the cash-flow profile, security, repayment path and transaction objective — not simply the borrower’s credit standing.
Corporate & Performing Credit
Conventional term debt, working capital, capex financing, refinancing, rating-linked facilities and institutional debt for established companies with predictable operating cash flows and clean credit conduct.
- Term loans
- Working-capital facilities and enhancements
- Conventional capex and project debt
- Refinancing and debt consolidation
- Rating-linked financing
- Conventional NCD and institutional debt placement
Structured Credit
Bespoke debt and hybrid capital for performing companies where the requirement is linked to an acquisition, expansion, asset monetisation, IPO, equity raise or another defined event — and standard amortisation, security or return structures do not fit the timing of cash flows.
Structured Credit · Overview
Structured credit
A performing company whose financing depends on a future event — an acquisition, an expansion, a monetisation, a listing — where the cash to repay arrives on a different schedule from the one a standard facility assumes.
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Promoter and HoldCo financing
Capital raised above the operating company, secured on shareholdings rather than on the assets those shares ultimately represent.
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Special Situations
Capital and advisory where default, stress, creditor resolution, restructuring, OTS or an impaired capital structure is central to the transaction.
Special Situations · Overview
Special situations financing
Positions where the capital structure itself has to change before any new capital can sensibly enter.
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One-time settlement funding
A settlement agreed with the incumbent lender is not a settlement funded, and the gap between the two is where most of them fail.
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Corporate debt restructuring
A viable business carrying a debt structure it cannot service, and a lender group that has to agree on what replaces it.
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Last-mile and completion capital
A project that is most of the way built, where the value on completion is clear and the capital to reach it is not.
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A situation of your own
Bring the position, the existing debt schedule and the timeline. We come back with a view on whether it is structurable and what it would take.
Discuss a mandateWhat this looks like in practice
Four mandates set out in full — the situation, the complexity, the structure and the outcome.
Case studies