financing strategic projects
Main service areas
DEBT ADVISORY: comprehensive structuring process and organization of debt financing, including preparation of a set of professional information materials in accordance with the requirements of financing institutions and coordination of the entire process
CREDIT CAPACITY: evaluation of creditworthiness and sources of financing, including diversification and optimisation opportunities
WIDE SPECTRE OF STRUCTURES, including financing of M&A’s, leveraged buyouts (LBOs / MBOs), margin loans, project finance, recapitalizations, complex refinancing
WIDE RANGE OF INSTRUMENTS: banks, private debt / infrastructure funds, multilateral institutions, bondholders, private equity funds, mezzanine, subordinated debt
SOFT DEBT RESTRUCTURING, including restructuring forecasts and negotiation support
M&A: comprehensive support of M&A processes (sell-side, buy-side) and capital raising
SPECIFICITY OF SERVICES
Stages of a standard debt advisory process:
1
PREPARATORY PHASE
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- Financial analysis of the Company and the project in order to develop an effective debt to capital ratio
- Working out optimal structure of financial debt with the use of appropriate debt instruments
- Agreeing on the objectives, strategy and schedule of the debt process
- Discussions with selected financial institutions regarding initial transaction parameters (“soft market sounding”)
1
FAZA PRZYGOTOWAWCZA
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- Financial analysis of the Company and the project in order to develop an effective debt to capital ratio
- Working out optimal structure of financial debt with the use of appropriate debt instruments
- Agreeing on the objectives, strategy and schedule of the debt process
- Discussions with selected financial institutions regarding initial transaction parameters (“soft market sounding”
2
INFORMATION PACKAGE
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- Preparation of teaser (brief information material) and information memorandum (comprehensive material)
- Preparation of a term sheet with the support of a law firm acting for the Borrower
- Preparation or verification of the financial model in accordance with the expectations of financing institutions
- Selection and coordination of other advisors, including law firms and due diligence consultants
2
INFORMATION PACKAGE
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- Preparation of teaser (brief information material) and information memorandum (comprehensive material)
- Preparation of a term sheet with the support of a law firm acting for the Borrower
- Preparation or verification of the financial model in accordance with the expectations of financing institutions
- Selection and coordination of other advisors, including law firms and due diligence consultants
3
MARKET SOUNDING
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- Selection of financial institutions to be invited to the process (depending on industry, structure, currency, tenor, etc.)
- Prepare content of non-disclosure agreements with legal advisor and coordinate signing by banks
- Send out teaser document to selected financial institutions and coordination of Q&A process
- Summary of initial offers and support in selection of banks for shortlisting
3
MARKET SOUNDING
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- Selection of financial institutions to be invited to the process (depending on industry, structure, currency, tenor, etc.)
- Prepare content of non-disclosure agreements with legal advisor and coordinate signing by banks
- Send out teaser document to selected financial institutions and coordination of Q&A process
- Summary of initial offers and support in selection of banks for shortlisting
4
BANKING PROCESS
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- Distribution of information package (memorandum, financial model, DD) to banks and coordination of Q&A process
- Ongoing contact and support for transaction officers at individual banks
- Negotiation of price conditions and financing structure (term sheet)
- Collection and summary of binding offers and support in selection of financing banks
4
BANKING PROCESS
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- Distribution of information package (memorandum, financial model, DD) to banks and coordination of Q&A process
- Ongoing contact and support for transaction officers at individual banks
- Negotiation of price conditions and financing structure (term sheet)
- Collection and summary of binding offers and support in selection of financing banks
5
AGREEMENT NEGOTIATION
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- Coordination of work and support of the law firm in preparation of financing documentation
- Coordination and active participation in negotiations of financing documentation
- Support in selection of a loan agent and the process of obtaining internal approvals by the Company (including presentations to the Management Board)
- Assist in signing of financing agreements and fulfilling conditions precedent
5
AGREEMENT NEGOTIATION
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- Coordination of work and support of the law firm in preparation of financing documentation
- Coordination and active participation in negotiations of financing documentation
- Support in selection of a loan agent and the process of obtaining internal approvals by the Company (including presentations to the Management Board)
- Assist in signing of financing agreements and fulfilling conditions precedent
Final Milestone’s team provides coordination of the entire financing process and actively participates in all its stages, ensuring a very comprehensive range of support. This allows you to benefit from the high level of competitiveness of the process.