Our Solution

Norsad offers customized financing solutions based on the capital needs and cash flows of the investee company. The repayment profile of our financing can vary from fixed amortization to bullet repayment schedules. We can also consider a grace period or repayment holiday based on expected cash flows of the business. Terms and pricing for our facilities are risk and market related. Our financing solutions include
 

Mezzanine Finance

These are hybrid structures of debt and equity that can be used to fund growth or acquisition. Some of the common structures available at Norsad include
  • Subordinated debt instruments
  • Income participating instruments
  • Convertible debt
  • Debt with warrants, preferred or co-equity 
 

Credit and Tier II Facilities

These are typically loans and subordinated facilities to financial services providers.
 

Senior Debt to mid-market companies

These include secured and unsecured senior loans with a lien on specific or general assets of the company.
 
We provide financing from USD 2 million up to USD 13 million to mid-market companies and financial services providers (our typical financing amount is USD 5 million to USD 10 million). We can also facilitate co-financing with other funders or participate in larger syndicated transactions. Our facility tenures are determined on a case-by-case basis, but typically range from 3 to 7 years. 
 

Our Criteria

Consideration for our facilities include
  • Strong commercial viability
  • EBITDA in excess of USD 1.5 million
  • Capable management team
  • Good corporate governance structures 
  • Accountability and transparency - audited financial statements
  • Compliance with statutory requirements
  • Commitment to high social and environmental sustainability standards
  • Positive socio-economic development in community