REFINANCING

RESHAPING EXISTING DEBT AROUND THE BUSINESS TODAY

Refinancing ATIB

WHEN EXISTING FINANCE NO LONGER FITS

Financing arrangements that were appropriate when originally agreed may become less suitable as a business, market or operating environment changes.

A borrower may face significant upcoming maturities, repayment schedules that no longer reflect cash generation, several facilities with different lenders, unsuitable short-term borrowing, currency mismatches or restrictive financing terms.

Refinancing may provide an opportunity to review these obligations and consider whether the debt can be reorganised into a clearer and more sustainable structure.

ATIB’s approach is intended to focus on the underlying financing requirement, the viability of the business and the borrower’s credible path towards repayment – not simply the extension of an existing problem.

REFINANCING REQUIREMENTS

Refinancing may be considered where existing debt remains supportable but its maturity, repayment profile, currency, number of facilities or wider terms no longer align appropriately with the borrower’s financial position.

MATURITY MANAGEMENT

Replacement of approaching maturities or concentrated repayment obligations with a structure intended to better align debt service with the borrower’s expected future cash generation.

DEBT CONSOLIDATION

Consolidation of selected facilities across different lenders, repayment dates, currencies or security arrangements into a clearer financing structure where commercially appropriate.

REPAYMENT & TENOR REALIGNMENT

Consideration of repayment schedules, amortisation, grace periods or facility tenor where the existing structure no longer appropriately reflects the duration of the underlying business requirement.

CURRENCY & TERMS REVIEW

Assessment of whether currency exposure, pricing, fees, covenants, security requirements or other financing conditions remain appropriate in light of the borrower’s current revenues and financial position.

EXPLORE TERM LOANS

RESHAPING DEBT AROUND THE BUSINESS TODAY

A credible refinancing should improve the relationship between existing obligations, future cash flow and the borrower’s wider financial position.

  • Existing obligations understood in full

  • Approaching maturities considered before they become restrictive

  • Repayment aligned with sustainable cash generation

  • Currency and financing terms reviewed in context

  • Security and creditor arrangements coordinated clearly

  • A credible route towards debt reduction established

ATIB may consider outstanding balances, maturity dates, repayment schedules, pricing, security, covenants, existing lender rights, financial performance and the borrower’s future repayment capacity. A replacement facility should improve financial alignment rather than rely on the assumption that the debt can simply be refinanced again at the next maturity.

A MORE SUSTAINABLE DEBT STRUCTURE

Refinancing should provide more than short-term relief. The objective is to establish a debt structure that better reflects the borrower’s cash generation, financial obligations and current strategic requirements.

ATIB seeks to support refinancing where the underlying business remains viable, the existing obligations are transparent and the proposed replacement structure establishes a credible route towards repayment.

New investment requirements may be better suited to Term Loans. Operating liquidity may require Working Capital Finance, while a wider review of leverage and capital structure may connect with Corporate Financial Advisory. More complex asset or project-related obligations may require Structured & Project Finance.

DISCUSS A REFINANCING REQUIREMENT