Brickstone to Offer Free Post COVID-19 Debt Sustainability Assessment

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Monday, May 25, 2020 / 08:00 AM / Brickstone

 

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Debt Restructuring would play a key role in the 12-24 months as COVID-19 continues to create uncertainty on a global scale across all businesses. The overall lack of clarity surrounding how to rapidly access newly developing policies and government intervention programs designed to restore economic stability has led to a broad sense of uncertainty, if not anxiety among many businesses.

 

We believe many large scale infrastructure businesses would be adversely impacted by the outbreak of COVID-19, whether due to government-ordered closures, mandatory and voluntary quarantines, social distancing, workforce reductions, supply-chain shortages or other issues. These factors would have currently impacted or may impact borrowers and their debt service obligations. As a result, commercial borrowers are already, or will shortly be, defaulting on debt service payments and loan covenants.

 

Lenders in the next 12 months would be facing a cascade of distressed credit facilities resulting from the economic fall-out from the COVID-19 pandemic will need to engage with "Borrowers" at all stages of workouts, from preliminary discussions through the negotiation and preparation of debt restructuring programmes. Brickstone Africa has set up a COVID-19 Loan Workout team and is readily available to help provide borrowers through the trying times.

 

The Debt Workout Programme is a special service where we provided Capacity Building and Action-Oriented Advisory Service from preliminary discussions through the negotiation and preparation of loan work programmes.

 

However, before we onboard clients on the Debt Workout Programme, Brickstone is willing to provide a Free "Post Covid-19 Debt Sustainability Assessment" via a 1 hour-online conference call in a confidential discrete manner to at least 50 businesses/projects (with corporate and project finance loans) loans with African Banks.

 

This is part of our COVID-19 Corporate Social Responsibility initiative to Large Scale businesses in Infrastructure and Industries that meet the following criteria:

 

1.      Predictable Revenue Model

Projects that Pre COVID-19 were characterized by a high degree of revenues predictability under a (partial or full) Contracted Revenue Arrangement with a creditworthy counter party

 

  1. Fixed Construction Delivery

Projects that Pre COVID-19 were to be delivered (or are been delivered) under a fixed construction price and schedule with a Building (or EPC) Contractor with appropriate penalties in the form of liquidated damages (LDs) for its failure to perform.

 

  1. Sustainable Operations & Maintenance

Projects which intend to independently operate and maintain the project in an environmentally sustainable manner during post-construction phase

 

To Book a Call, kindly register HERE www.brickstone.africa/workout 



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Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

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