Venture Lending, Working Capital and Term Loans for Emerging Companies: Borrower and Lender Perspectives
Negotiating Loan Terms, Collateral Requirements, Warrants, Revenue, Liquidity and Non-Financial Covenants, and More
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will discuss debt financing traditionally available to emerging companies—bank and non-bank term loans, working capital facilities and equipment financing. The program will analyze current market loan terms and conditions, borrower negotiation of the term sheet, and lender due diligence practices.
Outline
- Venture debt financing vs. equity financing—comparisons, pros and cons
- Bank term loans
- Working capital facilities
- Venture term loans
- Negotiating the term sheet for borrowers
- Due diligence for lenders
Benefits
The panel will review these and other key questions:
- What types of covenants are typically being required or negotiated in the different types of debt financing facilities?
- What advantages does venture debt financing provide for emerging companies?
- What drawbacks does venture debt financing present for operations and board decision making?
- What are best practices for emerging companies in negotiating the term sheet with the lender?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Faculty
Dolph Hellman
Partner
Orrick Herrington & Sutcliffe
Mr. Hellman is the Co-Chair of the firm's Private Investment Funds Group. He concentrates his practice on private... | Read More
Mr. Hellman is the Co-Chair of the firm's Private Investment Funds Group. He concentrates his practice on private equity investor representation and fund formation as well as representing financial institutions and corporations in privately negotiated debt transactions. He has a broad range of experience in commercial lending transactions, including secured financings, venture debt financings, unsecured and asset-based financing, and numerous others.
CloseRussell D. Pollock
Partner
Greene Radovsky Maloney Share & Hennigh
Mr. Pollock provides legal counsel in a broad range of commercial finance and general business transactions, with... | Read More
Mr. Pollock provides legal counsel in a broad range of commercial finance and general business transactions, with emphasis on secured transactions, bankruptcy, insolvency, and creditors’ and debtors’ rights. He has more than 20 years experience counseling clients who specialize in venture debt financing for start-up and early stage companies, as well as clients in the aircraft, railcar, and container leasing industry.
CloseHaim Zaltzman
Partner
Latham & Watkins
Mr. Zaltzman’s practice focuses primarily on emerging company debt transactions. He has closed over US$2.5... | Read More
Mr. Zaltzman’s practice focuses primarily on emerging company debt transactions. He has closed over US$2.5 billion in emerging companies debt transactions and also advises on a wide range of finance-related transactions, including renewable energy finance transactions and technology-related private equity financings. He frequently represents borrowers, banking clients and venture capital providers in all areas of financing transactions.
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