Fixed coupon rates from 8% to 18%, that often accrue. Will consider zero-coupon, floating coupon and other structures
Origination fees from 0% to 4%
3 to 18 month terms. Extensions considered
Collateralized by senior- or secondary- lien positions. Will consider select unsecured loans for equity-rich companies
Equity and/or warrant kickers in mildly-dilutive sizes
Companies located in the United States. Foreign investees rarely considered
Candidate investees: asset-rich industrial, technology, business services, energy services, non-drug healthcare and select consumer products companies. We look at companies with little to no market or regulatory risk.
