Raising and refinancing debt

Whatever your financing need we can help you achieve the optimal outcome through independent market-leading advice

Whether you are looking to refinance, fund growth or realise equity value, we have the expertise to deliver a successful finance raising. We work closely with our clients to identify and implement the optimal financing solution and help them to achieve their strategic objectives.

Many of our senior team are experienced ex-bankers, meaning that we know how lenders think and can ‘frame’ the financing ask to minimise delivery risk.

We have strong relationships across the global debt markets, allowing us to access liquidity across a diverse pool of lenders which is tailored towards the financing need.

Our independence means that we provide our clients with truly objective expert advice on addressing their financing requirements. As part of the PwC network, we tap into relevant and leading sector expertise to address transaction specific issues and add value for our clients.

Explore our capabilities

We help privately-owned and listed businesses to identify and implement financing solutions that support key strategic objectives. We provide management teams with independent advice on financing strategy in order to address a range of objectives, whether that be funding a growth agenda, how to get the best deal when resolving upcoming debt maturities, or accessing alternative sources of finance.

Examples of situations where we have solved complex cross-border financing issues with our corporate clients include:

  • Raising finance to fund acquisitions
  • Raising growth capital to fund capital expenditure programmes and/or working capital investment
  • Addressing debt maturities through running multi-track financing processes to provide optionality and optimise debt pricing and terms on refinancing
  • Raising asset-backed financing to leverage a company’s existing asset base
  • Providing guidance through public bond issuance and credit ratings processes
  • Raising finance to recapitalise a business, realising value for shareholders, without diluting equity ownership
  • Advising on the renegotiation of existing facilities, including managing waiver processes, covenant resets and “amendment and extensions”

We work with private equity clients and their portfolio companies to help them achieve their financing goals. We have an experienced team of ex-leveraged finance bankers who have structuring expertise across a wide range of debt products.

Areas where we have worked with private equity clients include:

  • Raising leveraged buyout financing
  • Raising capital to fund growth (e.g. buy-and-build strategies), capital expenditure and working capital programmes
  • Running sell-side ‘staple’ financing packages to enhance offers from potential buyers
  • Raising finance for recapitalisation and equity release
  • Arranging post-IPO financing packages

We work with a variety of clients ranging from privately owned businesses to listed REITs, helping them to optimise their real estate asset base. Our team of dedicated real estate finance specialists allow us to put in place the capital our clients need to achieve their business objectives.

Examples of where we have advised real estate clients include:

  • Supporting young real estate businesses in sourcing financing to achieve growth ambitions
  • Sourcing long-term institutional financing for stable assets and portfolios
  • Structuring and restructuring of ground rent portfolios
  • Raising finance to support asset management strategies (e.g. hotel refurbishment or tenant replacement)

We can provide a range of solutions on loan portfolio transactions, leveraging our credit expertise and loan market knowledge to provide an independent assessment of the quality of loan portfolios. Our clients have included a mix of banks and private equity houses on buyside transactions, as well as banks on the sellside. Examples of services we have provided include:

  • Credit due diligence on leveraged and corporate loan portfolios (performing and non-performing loan books), identifying areas of risk within portfolios, segmentation analysis versus market benchmarks and “deep dive” credit reviews on individual connections to identify risks and pricing drivers
  • Review of bank underwriting and credit policies to identify control risk areas
  • Raising debt and equity finance to support bidders on loan portfolio transactions

Whatever your financing need, we can help you achieve the optimal outcome through independent market-leading advice

Here are some of the key questions that we help our clients with:

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Growth

"How should I fund growth in my business?"

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Maturity

"How do I know that I'm getting the best deal?"

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Realisation

"What is the best way of realising value for shareholders?"

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Stress/distress

"How do I protect my business and position it for future recovery?"

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Contact us

David Godbee

David Godbee

Partner, Debt & Capital Advisory, PwC United Kingdom

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