Debt Advisory
Syndicated and bilateral term loans, revolving credit facilities, trade finance and project finance have historically been the domain of large banks, however the effects of the credit crisis over the past few years, as well as the imposition of increased capital adequacy requirements under the Basel III Accord have conspired to constrain the availability of credit from banks. On the whole banks have retreated to servicing core relationship clients where profitable ancillary business is assured. Therefore the services of an experienced debt advisory team who understand the requirements of bank credit committee’s and have a good sense, based on constant contact with the market, for where appetite lies for different types of credit, has never been more important in securing debt on acceptable terms.
Increasingly, alternative investment funds and pension funds are entering the space from which the banks have shrunk. Our team has authentic, long and deep experience in debt arrangement involving bank and non-bank institutions be it senior, junior or mezzanine debt, long or short tenors and multi-currencies. Through associate firms we are also able to advise on interest rate and FX hedging structures.