New and extensive regulation of the banking sector has made alternative financing arrangements more attractive and cost-efficient for business development companies (BDCs) and closed-end funds (CEFs). An increasing number of BDCs and CEFs are turning to synthetic financing through total return swaps (TRS) and prime brokerage (PB) lock-up facilities.
In this webinar, Andrew Jordan, Senior Vice President at GSO Capital Partners/Blackstone Group, and Matthew Kerfoot, Partner at Dechert, will discuss:
- Negotiating the TRS and PB framework
- Pricing considerations
- Limitations of TRS and PB facilities
- Controlling the underlying loan portfolio
- Leverage issues under the 1940 Act
- Safeguarding fund collateral and rehypothecation
Application for accreditation of this program for Continuing Legal Education (CLE) in New York, New Jersey and California is currently pending.
