Considerations of an Out-of-Court Sale: Making a Balanced Decision when Dealing with a Distressed Company
In this article, Configure Managing Director Jay Jacquin explores the possible consequences of seeking an out-of-court sale, presenting elements that should be carefully evaluated when analyzing the cost and benefit of the next steps for a troubled borrower.
ESG in Aerospace & Defense Lending
Environmental, Social, and Governance (ESG) has become an increasingly significant influence on investment decisions for both equity and debt investors in private markets. The term “ESG” can be applied to a host of wide-ranging considerations – inclusion, environmental impact, and workforce/labor relations to name a few.
BSL Backstopping to Increase Certainty and Optimize Execution
One of the more significant changes for private equity sponsors in the upper middle market has been the rapid increase of lending funds capable of providing credit at a scale that rivals the lower end of the broadly syndicated loan (“BSL”), or Term Loan B, market. Traditionally, sponsors and borrowers look to the BSL markets when a facility reached the $200-300mm level.