What is an Event of Default?
An event of default (EOD) is a breach of the terms of a debt facility or loan agreement by the borrower. EOD […]
What is an Asset Backed Facility?
An asset backed debt facility (ABDF) is a form of financing that is secured by certain assets owned by the borrower. The […]
What is a payment waterfall?
A payment waterfall refers to the priority order in which interest, principal, fees and other payments are made from the cash flows […]
Understanding covenants in debt facilities
Debt facilities like loans and credit lines often come with strings attached in the form of covenants. Covenants are promises made by […]
Warehouse Facility vs Venture Debt
As CEOs and CFOs evaluate financing options to support their high-growth companies, two instruments they may consider are warehouse facilities and venture […]
What is a Forward Flow Agreement?
A forward flow agreement, also known as a forward flow facility, is a type of financing arrangement that allows a company to […]