New lending is happening, but it’s a different world out there for some, and you may find yourself looking for a new bank. In Buyouts Magazine’s latest edition, FFP’s co-founder Zac Barnett and other industry experts weigh in with their advice on getting subscription financing in the new environment. To read the full article, “A borrower’s guide to an unmappable landscape” go to page 26.
In part three of “The shifting landscape for subscription credit”, Graham Bippart deals with real credit concerns for some sub line lenders, despite almost pristine credit performance in the sector, so far. It then looks at the ways in which lenders are trying to mitigate or hedge against those concerns, including NAV covenants, LP skin in the game via minimum-called capital requirements and looking at assets as potential secondary sources of repayments.