Project Finance
Financing a Debt Service Reserve Account in Project Finance
A DSRA is often a closing condition, not spare cash. Here is how sponsors can fund or replace the reserve without weakening the senior financing structure.
Credit Enhancement
Project Finance
How Completion Support Is Structured in Project Finance
Construction debt depends on reaching completion. Cost-overrun support, contingent equity and completion tests determine who funds the project when the original budget is not enough.
Data Center Finance
Financing Data Center Utility Letters of Credit
Power access can require tens of millions of dollars of utility credit support before a data center produces revenue. The LC facility needs its own capital plan.
Credit Enhancement
Credit Ratings in Structured Debt Transactions
How credit ratings affect structured debt, securitization, private credit, note placement, credit enhancement, pricing, leverage and institutional investor eligibility.
Bank Guarantee
The Use of Bank Guarantees and Standby Letters of Credit in Structured Debt Transactions for Credit Enhancement Purposes
How lenders use bank guarantees and SBLCs to enhance structured debt through payment support, reserve substitution and third-party credit support.