LENDER-CI10805EB00074
$495.00
Purchase for full contact information of one or more deal team members. All purchases are final and non-refundable.
Description
– Lender to companies in the healthcare space only
– Cash flow loans for healthcare companies that are not cash flow positive or slightly cash flow positive.
– Loans for companies in the fields of lifesciences, medtech, biotech, healthcare services, and IT.
– The firm has a $3 billion fund to lend to healthcare companies.
– Occasionally, the firm may provide equity alongside loans, but the equity portion does not exceed 20%.
– The firm operates globally, with a focus on the United States.
– The average deal size ranges from $20 million to $300 million.
– Approximately half of the deals involve publicly traded companies.
– The average deal size for privately held companies is around $60-70 million.
– The firm prefers a “safe” loan-to-value (LTV) ratio.
– The desired LTV ratio ranges from 20% to 30%.
– The loan terms are typically 6 years.
– The firm allows for a long interest-only (i/o) period.
– The loan structure is covenant light, meaning there are fewer restrictions on the borrower.
– While the firm does not always require warrants, they may be included in certain cases.