STRUCTURED & PROJECT FINANCE
FINANCING BUILT AROUND THE ASSET, PROJECT AND CASH FLOW
WHEN A STANDARD FACILITY IS NOT ENOUGH
Some opportunities cannot be financed effectively through a conventional corporate loan.
The requirement may involve a major infrastructure or industrial project, a strategic asset with identifiable cash flows, several sponsors and capital providers, a long construction period, multiple currencies or jurisdictions, or significant development and execution risk.
In these circumstances, the financing must be designed around the economics of the specific project, asset or transaction. Capital structure, repayment, contractual support, security and risk allocation must work together as one coherent framework.
ATIB helps clients assess how the opportunity may be structured, prepared and progressed towards serious consideration by appropriate institutional capital providers.
STRUCTURED & PROJECT FINANCE CAPABILITIES
ATIB helps clients consider how ownership, cash flows, sources of capital, contractual support and material risks may be organised around a defined project, asset or transaction.
PROJECT FINANCE
Financing developed around the economics and expected cash flows of a defined project, including project cost, construction expenditure, operating assumptions, revenues, debt-service capacity, sponsor equity and financing tenor.
STRUCTURED FINANCE
Bespoke financing linked to particular assets, receivables, contracts or cash flows, including asset-backed, receivables-backed, acquisition-related, pre-export and other transaction-specific structures.
TRANSACTION VEHICLES & CAPITAL STRUCTURE
Financial design of dedicated transaction vehicles and suitable combinations of sponsor equity, senior debt, subordinated capital, development finance, export-credit support, guarantees and other sources of funding.
RISK & CONTRACTUAL FRAMEWORK
Assessment of how construction, operating, revenue, supply, credit, currency, regulatory and other material risks interact with the contracts, security and forms of support underpinning the financing.
FROM COMPLEX OPPORTUNITY TO FINANCEABLE TRANSACTION
A commercially attractive project is not automatically ready for institutional capital. The financing case must connect project economics, ownership, contracts, capital and risk within one credible structure.
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A clearly defined project, asset or transaction
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Cash flows tested against capital and repayment requirements
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A capital structure aligned with project economics
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Material risks allocated to appropriate participants
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Contractual and security support connected to the financing
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Greater readiness for lender and investor scrutiny
ATIB may help coordinate the financial model, transaction structure, capital-provider materials, institutional discussions and financing workstreams. Technical studies, legal agreements, environmental assessments, tax analysis and other specialist responsibilities remain with appropriately qualified advisers. Financing remains subject to mandate acceptance, due diligence, institutional approvals, final documentation and market conditions.
STRUCTURE WITH A CLEAR COMMERCIAL PURPOSE
Structured finance should not introduce complexity for its own sake. A credible structure should clarify how the project or transaction will generate value, how capital may be repaid and which participants will manage each material risk.
ATIB’s Structured & Project Finance capability is intended for corporations and business groups, governments, state-owned enterprises, infrastructure and project sponsors, developers, asset owners, financial institutions, institutional investors, public-private partnerships and transaction consortia.
Clients still assessing their wider financial position may begin with Corporate Financial Advisory. Public-sector programmes may require Government & Sovereign Advisory, while formal engagement with capital providers may progress through International Capital Raising. Credit or trade instruments forming part of a wider structure may connect with Lending & Trade Services.
