Financial Advisory Services

Non recourse share lending

It is an effective and non expensive way of getting cash from your listed assets (stocks, bonds, etc.), and equally effective and non expensive as a hedging tool. It can be used by corporations operating on their treasury stock and by high net worth individuals that can pledge its portfolio of assets:

• Easy access to lending facilities against securities with highly agressive Loan to Values and the possibility to partially or totally eliminate the margin calls, meaning that no further collateral will be required.
• The main benefit of this solution is the access to taylor made financing with the possibility to adapt the loan to the financial needs of the client.
• Loans to Value varies from 95% for the less volatile assets as Public Debt to 70% for Equities.
• Interest rates in range 3 to 6% fixed per annum
• With the conditions given - high LTV and low or null margin call inside a non recourse loan- the client is in fact making a hedge with no aditional cost of the portfolio at the LTV level.
• Client will in extend receive all the economic rights such as dividends and participation in the upside of the stock at maturity

Equity line of credit

• ELC constitutes a flexible and cost effective way of equity financing for listed companies. It is a structured capital placement highly adapted to the client´s financial needs-convenience through a draw down option.
• The investor commits to purchase up to a predetermined dollar (euro/GBP, etc.) amount of shares of the public company's common stock over a certain period. It is very similar to a bank line of credit in that cash is available to the company on an "as needed" basis.
• The company has the right but not an obligation to "draw down" on the equity line and sells shares to the investor when it is most favourable for the company.
• Size amount typically reaches up to 20% of market cap
• Main applications: Growth financing, Recapitalization, Project financing, Block trades (e.g. selling treasury shares)

Convertible Bonds

• Orion Capital Partners provides its clients with advice and placement capabilities to related to the bond market. Through a multi disciplinary team with integrated skills in origination, structuring and syndication/placement , we provide access to the most sophisticated capital markets and solutions
• The breadth of options range from plain vanilla bonds to complex debt structures, which adapt to every issuer's profile.
• The effective distribution capabilities, allow us to undertake public and private placements to a variety of investors.

Direct loans

• The financial crises produced the retirement of traditional players from the lending market. New type of players, direct lending funds, are taking the place left by banks with solutions tailor made for the needs of mid-sized corporations and adapted to the current situation.
• Orion Capital Partners has agreements with direct lending funds in order to provide access to Spanish corporations to this new source of financing.