Corporate and Project financing
- Sale and leaseback of capital-intensive assets primarily in Shipping, Offshore, Cruise and Aviation sectors
- Various layers of the capital structure including senior and mezzanine debt
- ECA financings
- Joint ventures
Corporate and Project financing
- Sale and leaseback of capital-intensive assets primarily in Shipping, Offshore, Cruise and Aviation sectors
- Various layers of the capital structure including senior and mezzanine debt
- ECA financings
- Joint ventures
Advisory
- Valuation / Fairness opinion
- Strategic support including feasibility studies and risk analysis
- Acquisition of existing bank/bond debt as well as distressed debt
- Management for hire
Substitute for equity
- Avoid dilution / Reduced need for new equity
- Unlock balance sheet value and release cash
- Increases market exposure
- Manage growth in an efficient manner
Advantages compared with bank debt
- Long term financing of up to 12 years (tenor) and profiles up to 25 years (useful economic lifetime of asset)
- Reduces refinancing and interest rate risk
- Covenant «lite»
- Bilateral relationship with finance provider
Other features
- Lessee retains full operational control of asset
- Diversification of funding
Sale and Leaseback
Main features
- Enhance the “blend” in the capital structure
- Partial substitution for new equity / junior debt
- Avoid dilutions / reduced need for new equity
- Unlock balance sheet value and release cash
- Allow for increases in market exposure
- Manage growth in an efficient manner
Advantages compared with bank debt
- Long term financing up to 12 years (tenor) and profiles up to 25 years (useful economic lifetime of asset)
- Reduce refinancing and interest rate risk
- Covenant «lite»
- Bilateral relationship with finance provider
Other features
- Lessee retains full operational control of asset
- Diversifies funding from traditional banks
- Leasing structures impair flexibility for opportunistic divestments
