Debt Advisory

The capital you need without the dilution, on terms you can live with

Debt is the most powerful non-dilutive tool in corporate finance, and the most dangerous when it is structured badly. The right facility funds growth while your shareholders keep every point of their ownership. The wrong one (the punishing coupon, the covenant with no room to breathe, the convertible with a reset that feeds on your stock price) can strangle a company that was otherwise winning. We have spent our careers in the small-cap market watching both outcomes, and our debt practice exists to deliver the first and protect you from the second.

We specialize in advising companies on the strategic structuring of secured and unsecured debt financing, and in running the competitive process that gets it funded. Our firm connects businesses with a robust network of institutional lenders, private credit funds, and family offices, ensuring access to the most competitive terms and capital solutions tailored to each client’s growth objectives and risk profile.

What we arrange and advise on

Senior credit facilities.

Revolving lines of credit and term loans, secured or unsecured, sized to your cash flows and collateral. We model what your business can actually service, negotiate covenants you can operate under, and structure facilities that grow with the company rather than boxing it in.

Convertible notes.

Convertible debt can be an elegant bridge between debt and equity, or a slow-motion disaster. The difference is in the terms. We structure convertibles with fixed or floored conversion prices, sensible caps, and none of the death-spiral reset features that have destroyed so many small-cap shareholder bases. If a conversion mechanism would embarrass us in front of your shareholders, we will not propose it.

Mezzanine and subordinated capital.

For companies whose needs exceed senior lending capacity, mezzanine financing fills the gap between senior debt and equity: subordinated notes, often with modest warrant coverage, that provide growth capital while limiting dilution to a fraction of what an equity round would cost.

Refinancings and recapitalizations.

Expensive legacy debt is a tax on your future. We advise companies on refinancing high-cost facilities, consolidating scattered obligations, and, where the balance sheet requires it, pairing debt reduction with shareholder-friendly equity solutions. We have seen rights offering proceeds retire double-digit-coupon debt, and the effect on a company’s trajectory is immediate.