Dealing with companies that end up with too much debt is a core part of corporate finance. There are plenty of recent examples of companies that had unsustainable debt levels and needed to restructure these to survive (e.g. Digicel, NewLook, Carillion, PizzaExpress). For some, there can be a solution whereby the debt is restructured and […]
The news last week that Netflix is raising another $1bn of debt to fund more original content and possible business acquisitions has again brought into focus Netflix’s funding model and capital structure. In 2019 the company had two separate fundraisings totaling in excess of $ 4bn in debt and as of March they had over […]
The recent news of PaddyPower putting a portfolio of its betting shops up for sale with the plan to lease these back over 15 years has put the focus back on sale and leaseback transactions as part of business financing. We take a look below at this source of finance, why it is attractive to […]
It is that time of year again when the continuous assessment season draws to a finish and the focus begins to turn to study leave. While the length of study leave will vary for students depending on the level they are at (CAP1, CAP2 or FAE), the firm/company they work for, and the timetable they […]
In October 2018 Greencore Plc announced the sale of its entire US business for just over $1bn (£817m). This was in many ways a surprise as Greencore had only purchased the majority of this business in 2016 but it had struggled to gain train traction in the market since acquisition. After fees, net proceeds came to £802m […]
For any company borrowing money, the issues of the amount to be borrowed, the interest rate charged, and the term of the loan are typically the first things to be focused on when negotiating a lending agreement. However, another key aspect of any such agreement between a lender and a company will be the covenants […]