By Marlborough Partners Romain Cattet
Are you ready for the refinancing wall within the eu LBO space?
With billions of kilos worthy of ecu leveraged buyout loans (LBO) due by way of 2017, the refinancing wall provides one of many maximum demanding situations to ecu buyouts because the international monetary drawback impacted the asset class.
Strong deepest equity-backed businesses with investment-grade rankings are inclined to safe financial institution or non-bank finance with relative ease. yet businesses with sub-investment-grade scores tend to face enormous refinancing hazard, very likely resulting in company impairments. And a restricted provide of conventional resources of finance raises refinancing hazard extra.
Discover the way to refinance successfully
Lead edited by means of Romain Cattet of Marlborough companions, The Refinancing consultant addresses the refinancing wall and the categorical demanding situations dealing with ecu buyout managers and portfolio-company CFOs within the 2013-2017 period of time.
This ground-breaking booklet provides the total variety of finance ideas on hand, together with specified aspect on a variety of new resources of liquidity, technical innovation in finance buildings, LP and GP views, and the position distressed traders should play.
Featuring in-depth chapters written via best practitioners, you will find refinancing recommendations in various components of eu finance. An A-list crew of specialists will consultant you thru the intricacies of finance offerings, and the way those offerings will form businesses' capital constructions and their monetary health and wellbeing going forward.
Key subject matters lined include:
• the way to opt for extra resources of liquidity within the ecu industry, together with high-yield bonds, inner most debt money, retails bonds, asset-based lending and mezzanine
• the various suggestions to be had whilst refinancing isn't any longer an alternative, and the way structural deal recommendations will supply a refinancing alternative for a broader workforce of businesses