Art of M and A : Financing and Refinancing

by Lajoux, Alexandra Reed; Weston, J. Fred

• ISBN13: 9780070383036
• ISBN10: 0070383030
• Edition: 1st
• Format: Hardcover
• Copyright: 1999-06-14
• Publisher: McGraw-Hill

Summary

Much of the success of a merger or acquisition is tied to the price paid (or overpaid) for the acquisition. In The Art of M&A Financing and Refinancing Lajoux divides the issues surrounding financing and refinancing into four sections that will provide the necessary background to have a complete understanding of this process. These parts are: I. The Basics of Financing and Refinancing; II. Sources of Financing; III. Instruments for Financing/Refinancing; IV. Strategies for Financing/Refinancing. A "Global Issues" section will appear in each chapter and will examine international applications of each chapter. The book will be presented in a Q&A format similar to The Art of M&A and will include authoritative analysis from 50 M&A experts. In the user-friendly Q&A format of the popular Art of M&A Series, Lajoux's latest book provides authoritative analysis from 50 M&A experts on the basics, resources, and strategies for profitable financing and refinancing.

Author Biography

Alexandra Reed Lajoux (Arlington, VA) is the president of Alexis and Company - an editorial services firm that specializes in providing state-of-the-art textual materials for business and professional use. Her byline appears regularly in Director's Monthly, the official newsletter of the National Association of corporate Directors and in North American International Business, a magazine for small businesses engaged in international trade.

Table of Contents

Part I: Prerequisites.

Basic Definitions and Data.

Assessing Financing Needs.

Regulatory, Tax, and Accounting Issues in Structuring Deal Financing.

Part II: A Closer Look at Instruments.

Dynamics of Debt-Based Financing.

Dynamics of Equity-Based Financing.

Dynamics of "Hybrid" Financing.

Part III: A Closer Look at Sources.

Working with Debt Sources.

Working with Equity Sources.

Working with "Backers".

Part IV: Strategies for Financing and Refinancing.

Managing Multiple Instruments--Planning Points.

Managing Multiple Sources.

Refinancing Strategies.

Part V: Global Issues: Macro/Micro/Tax.

Macroeconomic Aspects of Global M&A Financing.

Microeconomic Aspects of Global M&A Financing.

International Financing: Tax Fine Points.

Conclusion: M&A Financing and Refinancing: Instruments for Successful Growth.

Appendix: Typical Subordination Provisions of Publicly Issued Notes.

Typical Subordination Provisions of Privately Placed Institutional Notes.

Typical Subordination Provisions of Seller Notes.