Credit Enhancement
October 14, 2015 4:14 pm Comments Off on Credit EnhancementThe issuance of a guarantee to reinforce the credit strength of a project financing.
The process of reducing credit risk by requiring additional guarantees or collateral to provide the lender with reassurance that it will be compensated if the borrower defaulted.
Credit Enhancement is a key function of Capital Underwriters Fund. Although debt can be restructured over the objection of a secured creditor (known as a cramdown) lenders who are pulled in to a chapter 11 filing can have their objections mitigated by way of credit enhancement.
Capital Underwriters Fund provides a credit enhancement platform for projects in chapter 11 co-signing guarantees with the property owner or providing additional collateral in the form of a Letter of Credit if it determines that the credit enhancement benefits the project economics.
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