June 02, 2023
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Shearman & Sterling Finance Partner Bjorn Bjerke discusses the benefits and features of securitization and other structured financing arrangements in the second chapter of the 2023 International Comparative Legal Guide on Securitization, the ICLG’s 16th edition of the highly-regarded manual.
Titled Securitization as an Integral Part of a Corporate Capital Structure, the chapter explores aspects of securitizations and securitization-like financing arrangements including character of receivables, lender concerns and debt covenants. Bjorn explains how securitization techniques can be used to obtain separate financing against assets of a corporate group that are given only limited lending value in a typical cash-flow-based corporate financing facility.