Public Debt Placements
Stephens traces its origins back to the public finance markets of
the early 1930’s. Today, our fixed income platform includes
sales and trading as well as structuring and origination of
corporate investment grade and high yield debt as well as various
structured finance products. Stephens’ team of Leveraged
Finance professionals assists clients in accessing the public debt
markets through structuring and arranging corporate investment
grade and high yield instruments as well as less traditional forms
of public debt such as the Term Loan B product. Over the
years, Stephens has underwritten numerous public debt transactions.
Over the past three years, the firm helped arrange, structure and
market over $3.0 billion in corporate high yield debt across
multiple industries. Stephens remains committed to providing
its clients with unbiased advice how best to structure and arrange
public debt while leveraging its relationships with on and off Wall
Street debt investors to obtain favorable terms for its
clients.
Private Debt Placements
Because Stephens has always been a private institution, we are
keenly aware of the importance of discretion. Therefore, we
are uniquely qualified to provide clients access to private debt
capital. Our team is well-positioned to provide unbiased advice on
structuring, arranging and sourcing private debt ranging from $15
million to well over half a billion dollars. Stephens uses
its longstanding relationships with super-regional, regional and
local banks as well as commercial finance companies, insurance
companies, CLOs and subordinated debt funds to help clients
successfully execute refinancings, dividend/recapitalizations,
shareholder buyouts, capital expenditure and acquisition
financings. Specialists in structuring and negotiating
private financings, we advise clients placing a range of debt
instruments, including:
- Secured and Unsecured Senior Credit Facilities
- Asset Based Revolvers or Traditional Cash Flow
Revolvers
- Term Loans
- Second Lien Term Loans
- Mezzanine and Subordinated Debt
Debt Advisory & Restructuring
Stephens combines its industry banking expertise
with its leveraged finance experience to help clients negotiate
with various types of lenders including traditional banks and
finance companies to institutional investors such as CLOs, CDOs and
subordinated debt funds. We provide our clients with thoughtful,
unbiased financing advice as it relates to their merger and
acquisition opportunities including:
- Assessing the alternatives and solutions for long term
financings
- Negotiating refinancings with existing bank groups
- Negotiating and placing bridge financing and commitment
papers
We also help our clients negotiate a range of restructurings
including but not limited to the following:
- Financial covenant violations
- Permitted acquisitions basket modifications
- Restricted payments/dividends basket modifications
- Material pricing, amortization and maturity alterations
- Waivers and Forbearance Agreements
Stephens' unique and deep credit markets insight provides our
clients with the relevant knowledge required to design a
restructuring most appropriate for its operating structure.