Corporate,
Banking
Jan. 30, 2018
Convertible lenders need to stay up with debt market trends
Lending convertible indebtedness is no longer an equity investment by another name. Convertible indebtedness is now, more and more, true commercial subordinated debt.
Many early stage companies acquire capital by borrowing money that is convertible into equity of the borrower. This type of loan, known as convertible indebtedness, is "maturing," evolving from straightforward typically unnegotiated bridge loans, into full-fledged term loans with many of the bells and whistles of commercial term loan financings typically provided by commercial banks and debt funds.
Convertible indebtedness has typica...
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