Investment & Capital Raising

Corporate debt frameworks engineered for resilience

We originate, structure and arrange senior credit, asset-based and syndicated debt solutions that align lender protection with the operating realities of your business.

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USD 1.6B

Debt arranged since 2018

3.2x

Median senior leverage (EBITDA)

9 wks

Average term sheet to close

0.4%

Portfolio default rate (5y)

Debt Frameworks

Four structural pillars of corporate credit

Each framework is selected according to asset intensity, cash-flow visibility and the intended use of proceeds — never by product preference.

Senior Secured Credit Facilities

First-lien term loans and revolving credit facilities secured on operating assets, receivables and share pledges. Pricing referenced to SOFR with margin grids linked to leverage.

Asset-Based Lending

Borrowing-base facilities advanced against eligible receivables (up to 85%), inventory (up to 60% of NOLV) and machinery & equipment, providing liquidity that scales with the balance sheet.

Syndicated Debt Structures

Club and fully underwritten syndications for facilities above USD 50 million, coordinating Swiss cantonal banks, international lenders and private credit funds under a single LMA-based agreement.

Unitranche & Mezzanine

Blended senior/subordinated capital in a single instrument for acquisitions and recapitalisations where speed and certainty of execution outweigh the lowest headline margin.

Capital Stack

Positioning within the capital structure

Illustrative indicative terms for a USD-functional borrower with stable EBITDA. Final terms are subject to credit committee approval.

Security package tailored to jurisdiction
Maintenance or incurrence covenant options
Hedging overlays agreed at signing
Accordion features for bolt-on acquisitions

Tranche	Ranking	Indicative Margin	Tenor	Leverage
Revolving Credit Facility	Super senior	S + 175–275 bps	3–5 yrs	—
Term Loan A	Senior secured	S + 225–350 bps	5 yrs amortising	≤ 2.5x
Term Loan B	Senior secured	S + 350–475 bps	6–7 yrs bullet	≤ 4.0x
Unitranche	Senior (blended)	S + 525–675 bps	6–7 yrs	≤ 5.0x
Mezzanine	Subordinated	10–14% (cash + PIK)	7–8 yrs	≤ 6.0x

S = SOFR. Illustrative only; not an offer of credit.

Credit Philosophy

How we assess a corporate borrower

Cash-flow durability

Recurring revenue share, customer concentration, contract tenor and working-capital cyclicality through a full cycle.

Asset coverage

Independent valuation of tangible and intangible collateral, with haircuts calibrated to realisation in a downside scenario.

Governance & sponsorship

Board composition, audit quality, reporting cadence and the alignment of shareholders with lenders.

Engage First Horizon

Structure your next facility

Share your requirements confidentially and receive an indicative term sheet within ten business days.

Request Capital Deploy Capital

Initiate Loan Evaluation