Product Description
In today's corporate debt markets many traditional and non-traditional lenders require guarantees from corporate parents and affiliates, as well as from owners and senior officers—and guarantees come in many forms. Some guarantees are used to add collateral to supplement the borrower's assets. Other guarantees are intended to focus the owner's attention on executing a business plan. In other cases, guarantees are a backstop to restructuring a troubled credit facility. They can cover all of the debt, or just part of it. They can "spring" up in response to agreed-upon future events. They can be limited in amount or limited to specific collateral. Learn about the many creative alternatives that both the lender and guarantor can develop to satisfy the need for additional credit and focus, while protecting the guarantor.
