WHAT WE DO / DEBT ADVISORY
Debt Advisory
Altenburg offer a hands-on approach and advise on, structure, and arrange debt funding solutions for our clients.
We work closely with our clients to develop a solution that is appropriate for the current situation as well as for future requirements.
We work with a wide range of lenders including banks, debt funds, alternative lenders and specialist funders and we structure and arrange facilities across leveraged finance, asset-based lending (ABL), real estate and specialty finance.
We typically work with businesses who are looking to raise over £5m+ of debt, and typically our clients are seeking funding to fund one or more of the following: growth, refinancings, acquisitions (initial buy-ins and bolt-ons), working capital and shareholder restructurings.
Our offering is analysis led, and we are hands-on from day 1 all the way through to the drawdown of funding.
We are a specialist debt advisory firm and not a broker. We invest significant time at the front end of a process to ensure that we understand our clients’ business and requirements so we can advise them appropriately.
A Typical Debt Advisory Process
2. Information for Funders
- Work with the client to produce the funding information required by funders
- Typically this is an information memorandum (presentation on the business) and a financial model (historical and forecast numbers)
- Model various debt scenarios and covenants to determine the most appropriate solution
- The information analysis in the pack ensures that the ask to funders is clear and supportable
OUTPUT
Information pack for funders
3. Discussions with Funders
- Determine the most appropriate lenders to speak with
- Initial discussion and sharing of the information pack with funders (under NDA)
- Receive initial feedback and arrange meetings with selected funders
- Receive and negotiate initial term sheets
- Model terms received
OUTPUT
Sign term sheet with a funder
4. Lender Due Diligence
- Further information sharing with funder to allow them to complete their due diligence
- Work with client’s lawyers to agree and negotiate any outstanding commercial terms with the funder
- Preparation of transactional funds flow
- Other support as required
- Finalise and sign documents
OUTPUT
Drawdown of funding
5. Completion
- Support in relation to additional drawdowns
- Corporate finance support (as appropriate and required) – see Corporate Finance Advisory
Types of finance
1
Cash flow Finance:
including senior, stretched senior, unitranche and mezzanine finance facilities to fund organic and acquisition-led growth strategies, shareholder restructuring and recapitalisations
2
Speciality Finance:
financing of lenders with a focus on asset backed lenders
3
Real estate:
financing of property development, portfolio expansions, refinancings, and repositioning
4
Asset Based Lending (ABL):
non vanilla invoice discounting, asset-backed and hybrid (ABL plus term loan) debt structures
Benefits of working with Altenburg Advisory
1
Experienced team:
Significant experience of raising debt as both advisors and lenders to businesses across a wide range of sectors
2
Tailored solutions:
Understanding client requirements and structuring bespoke and suitable solutions
3
Hands-on support:
Providing in depth and analytical support from initial assessment to draw down of the funding
4
Strong lender relationships:
We know the right lenders to speak to and lenders want to work with us as we provide them with high quality information that is personalised to their requirements