Market leading insight for tax experts
View online issue

Raising Money in 2008

Lydia Challen and Edward Jones Partner and Senior Associate respectively in Allen & Overy LLP's tax group continue our series on financing in the current climate
Things don't always go to plan. Once the debt finance has been raised what can be done if it becomes unaffordable? As fears of recession gather ground it seems inevitable that many companies — whether or not in the financial sector — will be feeling squeezed. Cash flows are tight especially for companies that took advantage of easy access to credit on the assumption that they could refinance when those obligations fell due. They may not be able to risk or support additional debt to tide them over. For many some form of balance sheet restructuring that reduces the costs of...

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.