Private Placements

Raise long-dated, committed debt

• Raise long-dated (7-12years +) debt capital on a committed basis
• Gain covenants with greater headroom
• Debt finance that can be arranged quickly
• Minimal public disclosure and no public credit ratings required
• An appropriate solution to many long-term core-debt financing needs
• Flexible issue size from c. £20 million upwards

'Private Placements' (PPs) are an established source of long-term committed debt capital that many companies use to complement their existing bank facilities. PPs have relatively flexible covenants and deal sizes can be anywhere from c. £20m to over £500m. With competitive pricing and longer-dated maturities than are available in the loan market, this source of debt capital could help you to smooth and extend your debt repayment profile. Issuance is generally in the form of US Dollar although Euro and Sterling tranches can be placed – and whatever the currency you need to fund your company in, Bank of Scotland Treasury can help structure your private placement so you end up with the financing that you need.

Diversify your source of funding

While Bank of Scotland Corporate wants to support the growth and development of your business every step of the way, we also appreciate that you may wish to diversify your sources of funding. PPs can help you to do this. Raising funds from the PP market can help raise the profile of your business amongst a community of investors that thinks just like we do: PP investors are long-term buyers who selectively choose where to invest. When they invest, it's with a longer time horizon and belief in the opportunity your business provides which in turn, provides them with additional PP investment opportunities as you grow.

Get the right advice

Our prime objective is to make sure that your debt capital structure suits your current and evolving needs. If that means that a PP is not right for your business, that's what you'll hear from us. And if a PP could work for you, we'll take as much time as necessary to explain the options open to you, how the PP market works and the process from mandate to execution to post-execution. And in between, we'll keep you updated with developments that could have an impact on your fundraising.