Despite predictions that the green shoots of recovery from the liquidity crisis are growing, most financial institutions remain under pressure to increase capital reserves and clean up their balance sheets. The limited availability of financing is affecting all corporate borrowers, irrespective of their ability to comply with the terms of existing financial arrangements. While over-leveraged borrowers continue to negotiate waivers and covenant suspensions, healthier borrowers are facing the growing fear that lenders will be unable to refinance existing facilities on maturity.
January 27, 2010 at 05:37 AM
1 minute read
The original version of this story was published on Legalweek
With borrowers finding their financing options limited and lenders needing to increase fee income, 2009 saw the rise of the forward start. Andrew Barker and Emily Firn report
Despite predictions that the green shoots of recovery from the liquidity crisis are growing, most financial institutions remain under pressure to increase capital reserves and clean up their balance sheets.
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