"The role of Redbridge has been instrumental in supporting us to obtain optimal terms and conditions for two milestone group financing transactions. "
Assignment overview
- Accompany Traxys through two milestone financing events: acquisition finance and refinancing of its flagship secured RCF
Objectives
- Increase Traxys’s visibility over market best practice for the two instruments
- Increase transparency over banks’ risk perception of Traxys and optimize financing conditions
- Ensure deployment of optimal debt structuring catering for future growth
- Maximize liquidity and flexibility
Results
- Smooth and timed process in raising optimal financing package in line with shareholders and management’s expectations
- Overall reduced cost of capital
- Maximized liquidity: advance rates, asset classes, clean tranche
- Improved facility flexibility and reduced reporting workload
Methodology
- Advisory on optimal structure and its implementation strategy
- Advisory on the bank consultation process and supporting material
- Close follow-up of syndication process, liquidity analysis, tranche and pricing strategy
- Related negotiations aimed at converging to targeted structure and conditions
- Review and analysis of all transaction documentation
Redbridge’s added value
- Dedicated expert capacity across complex syndicated finance and commodity trade finance techniques
- Thorough understanding of banks’ practices and drivers of their behavior
- Structured analytical process allowing to analyze, synthetize and issue recommendations based on large number of bilateral bank discussions
- Two step negotiation approach that allowed reaching optimal terms and conditions from a very diversified panel of potential international lenders