Alternative Debt Financing

Alternative Debt Financing

Sponsor Equity Is Fully Committed but the Deal Still Has a Gap

When junior capital for sponsor gap 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

Seller Will Not Accept a Seller Note and Senior Debt Is Short

Seller Will Not Accept a Seller Note and Senior Debt Is Short examines how borrowers can approach non-bank lenders when the transaction remains financeable but conventional credit policy no longer fits.

Alternative Debt Financing

Need PIK Debt Because Cash Interest Coverage Is Tight

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

Alternative Debt Financing

Need One Lender Instead of Senior Plus Mezzanine

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

Alternative Debt Financing

Existing Revolver Must Stay in Place but More Term Debt Is Needed

Existing Revolver Must Stay in Place but More Term Debt Is Needed examines how borrowers can approach non-bank lenders when the transaction remains financeable but conventional credit policy no longer fits.

Alternative Debt Financing

Large Capex Order Is Signed but the Bank Won’t Increase the Facility

When capex private credit becomes the constraint, the question is whether non-bank growth and capex debt can provide enough flexibility without creating an unsustainable capital structure.

Alternative Debt Financing

Customer Contract Requires Capacity Expansion Before Billing

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

Alternative Debt Financing

New Facility Must Be Built Before the Revenue Ramp Starts

This article examines the financing choices available for pre-revenue ramp debt, how specialist lenders assess the risk and what must be ready for an executable process.

Alternative Debt Financing

Need Growth Capital Without Issuing New Equity

Need Growth Capital Without Issuing New Equity examines how borrowers can approach non-bank lenders when the transaction remains financeable but conventional credit policy no longer fits.

Alternative Debt Financing

Expansion Is Causing Temporary Cash Burn Despite Positive EBITDA

When growth-phase bridge debt becomes the constraint, the question is whether non-bank growth and capex debt can provide enough flexibility without creating an unsustainable capital structure.

Alternative Debt Financing

Multi-Site Rollout Needs a Delayed-Draw Term Loan

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

Alternative Debt Financing

Foreign Expansion Needs Debt but the Domestic Bank Will Not Follow

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