Article
Refinancing Heavy Infrastructure Debt: Managing Maturity Cliffs, Private Credit And High-Value Collateral
A valuable asset does not solve a debt problem if it cannot generate cash before the debt falls due for long term projects, like infrastructure projects and engineering groups. Projects, operating businesses and long-term investments may take years to generate or release cash, while holding-company debt falls due on a fixed date. The group has to turn its assets into cash, refinance the debt or extend the maturity before the choices become more limited.
Agama Law Associates