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After mandates are awarded, mandated arrangers commit themselves to assemble a syndicate to arrange financing on the borrowers’ behalf, subject to satisfactory due diligence and do...
What is due diligence in loan syndication?
Due diligence is a detailed assessment of the borrower’s overall economic and financial position (e.g., the borrower’s creditworthiness, the risk involved in the loan and the suita...
What is due diligence in acquisition finance?
Acquisition financing provided on a certain funds basis is not subject to due diligence because the conditions precedent (CPs) to the initial drawdown ("initial utilisation") canno...
Leasing is frequently provided directly through the supplier of the leased equipment. Direct leasing is a two-party transaction that involves an equipment supplier (manufacturer o...
The failure of a contractual party to perform in accordance with the terms and conditions of an agreement is a breach of contract. A breach of contract that would be an event of d...
What is debtor-in-possession (DIP) financing?
Debtor-in-possession (DIP) financing is funding offered by banks to distressed firms in a Chapter 11 style-reorganization in order to finance the operations during the restructurin...
Debt can be contractually and/or structurally subordinated. Subordination is usually contractual and is essentially the purpose of intercreditor and subordination agreements. Con...
Senior debt is a financial obligation that is not subordinated to other debt of the borrower, it ranking ahead of other secured debt, unsecured debt and subordinated debt with rega...
Debt restructuring is a process by which a company that is facing cash flow problems and financial distress attempts to reduce and renegotiate its delinquent debts in order to rest...
The process of determining the creditworthiness and forecasting future performance of existing or prospective consumer or small business (SME) borrowers or lessees through the use...
