Alternative Debt Financing

Alternative Debt Financing

Bank Will Only Lend 2x EBITDA but You Need More Leverage

When stretch leverage private credit becomes the constraint, the question is whether private credit beyond conventional bank limits can provide enough flexibility without creating an unsustainable capital structure.

Alternative Debt Financing

Bank Won’t Finance Goodwill in an Asset-Light Business

This article examines the financing choices available for cash-flow debt for intangible value, how specialist lenders assess the risk and what must be ready for an executable process.

Alternative Debt Financing

Bank Won’t Lend Because Revenue Is Too Concentrated

For companies dealing with customer-concentration private credit, lender selection matters as much as pricing. This guide covers the structures, underwriting tests and documents that determine execution.

Alternative Debt Financing

Bank Declined the Loan Because EBITDA Fell Last Year

Bank Declined the Loan Because EBITDA Fell Last Year examines how borrowers can approach non-bank lenders when the transaction remains financeable but conventional credit policy no longer fits.

Alternative Debt Financing

Bank Won’t Finance a Cross-Border Operating Company

This article examines the financing choices available for cross-border private credit, how specialist lenders assess the risk and what must be ready for an executable process.

Alternative Debt Financing

Bank Amortization Is Too Aggressive for the Business Plan

When longer-amortization private debt becomes the constraint, the question is whether private credit beyond conventional bank limits can provide enough flexibility without creating an unsustainable capital structure.

Alternative Debt Financing

Bank Won’t Fund a Non-Core Carve-Out Before Separation

For companies dealing with carve-out private debt, lender selection matters as much as pricing. This guide covers the structures, underwriting tests and documents that determine execution.

Alternative Debt Financing

Bank Refuses Additional Debt Because Existing Leverage Is Too High

Bank Refuses Additional Debt Because Existing Leverage Is Too High examines how borrowers can approach non-bank lenders when the transaction remains financeable but conventional credit policy no longer fits.

Alternative Debt Financing

Need More Leverage Than Senior Debt but Less Dilution Than Equity

This article examines the financing choices available for junior debt instead of equity, how specialist lenders assess the risk and what must be ready for an executable process.

Alternative Debt Financing

Senior Loan Covers Only 60% of the Capital Need

When mezzanine gap debt becomes the constraint, the question is whether unitranche, second-lien and mezzanine capital can provide enough flexibility without creating an unsustainable capital structure.

Alternative Debt Financing

Senior Lender Allows Second Lien but No More First-Lien Debt

Conventional debt does not always fit second-lien capital. The practical issue is finding a structure with workable leverage, security, cash interest and a credible repayment path.

Alternative Debt Financing

Cash Flow Supports Debt but the Company Has No Hard Collateral

For companies dealing with enterprise-value cash-flow debt, lender selection matters as much as pricing. This guide covers the structures, underwriting tests and documents that determine execution.