Debt Advisory - VIR Corporate Finance

We advise companies on financing strategy and deliver creative solutions from a wide range of financing sources. Our independent advisory model enables us to objectively examine different possible structures and alternatives and select the best solution for our clients. We are in contact with banks, mezzanine providers, investors, listing authorities and agencies, which give us detailed knowledge of current trends and practices across debt, equity and equity-linked markets.

RAISING FINANCE

We advise companies through the process of raising debt finance, whether this be a refinancing of existing debt facilities or raising new finance to support a company’s growth or to fund an acquisition.

The VIR CORPORATE FINANCE team has strong relationships with a wide range of potential funders including institutions, banks and alternative lenders, private equity, mezzanine debt providers and high net worth individuals.

We offer a structured approach to companies seeking to raise debt finance. This includes the following:

Analysis of the funding requirement.
Identifying appropriate lenders.
Preparation of a debt funding memorandum for presentation to potential funders.
Solicitation of indicative terms & conditions from funders.
Negotiation of indicative terms and conditions.
Coordinating and communicating with lenders during the underwriting process; and
Post-closing services
We are able to obtain a more appropriate suite of debt facilities.

DEBT CAPITAL MARKET RAISING ADVISORY

The Spanish debt funding market has become increasingly sophisticated in recent years with an increase in the number of lending institutions as well as the type of debt finance available. We have a group of debt specialists that advise our clients on bond emissions, as well as high yield bonds and the viability of the emission or on the issuance of ordinary and innovative debt instruments (securitization, ..), in relation to various aspects:

- Proposing issue structures.
- Advising on the most suitable placement.
- Analysis of the cost of issuance.
- Advice on the public rating process.
- Defending pricing before supervisors, underwriters and investors.
- Transaction structuring, market fit, detection of issue windows.
- Selection of underwriters.
- Transaction execution: management of administrative processes and the relationship with the underwriters.
- Ongoing assessment of issues and advice on accounting impact.

ASSET-BASED LENDING

Asset-based lending (ABL) is a way for a company to raise funds from its existing assets. If your company has capital tied up in property, inventory, equipment, plant, machinery or debtors, these assets can be used as support for an ABL facility.

This financing route is an option when unsecured loans from a traditional lender, such as a bank, or funding via capital markets, aren’t possible. Businesses may consider ABL to finance immediate capital needs, such as stock and equipment purchases, expansion plans or restructuring – as well as to free up money for strategic business needs, such as acquisitions.