fCarter Morse & Mathias New London Lighthouse, Connecticut
Sales & Divestitures

Buy Side Advisory

Equity Capital

Debt Financing

Valuation Services

Financial Advisory

Debt Financings

CM&M arranges debt and mezzanine financings for clients for growth capital, debt restructurings, buyouts, recapitalizations and acquisitions.  As with equity capital raises, we assist our clients from the design of a debt financing strategy through execution of the transaction, and formulate a client's optimal capital structure based on the company's long-term objectives and immediate funding requirements.  In today's tight credit markets, we source the most cost-effective financial instruments available from traditional and non-traditional lenders that continue to be active. 

Because lenders have tightened underwriting standards in the wake of the current credit crunch, it is more important that ever to prepare a financing memorandum that clearly and succinctly describes our client's business, financial history, and prospects for generating sustainable cash flows to meet expected debt service requirements and achieve adequate financial ratios. 

Once the financing memorandum has been prepared, we identify the appropriate capital sources from our proprietary database and make introductions to lenders that in many cases we have known for 25+ years. 

We evaluate multiple proposals to help select the best lending partner. CM&M's professionals lead discussions at each step of the process and manage all negotiations to achieve advantageous pricing and terms for our clients.

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Types of Capital

Sources of Capital

Characteristics

Mezzanine Capital

- Convertible debt

- Non-convertible debt

- Debt with warrants

- Cash flow loans

- Second lien loans

- Banks

- Specialty Finance Cos.

- Mezzanine Funds

- Private Equity Groups

- Pension Funds

- Insurance Companies

- Hedge Funds

- Longer term (5-7 years)

- Moderate cost of capital

- Current interest payments

- Observation rights

- Debt covenants

- Generally Unsecured

- Flexible and Tailored

Senior Debt

 

- Lines of Credit

- Unsecured Senior Debt

- Secured Senior Debt

- Banks

- Specialty Finance Cos.

- Pension Funds

- Insurance Companies

- Short and long-term

- Lowest cost of capital

- Typically secured

- Amortization of term debt


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