Good evening,
We have a client who is acquiring IP and media assets from an Indian company. The assets are "located" in India, but the buyer is a U.S. NewCo (it can be structured in other countries).
Most of our lenders are unable to get their arms around the possibility of a default and the potential need to pursue the target's assets.
This is despite the fact that the (i) loan sought is just $16 million, (ii) BuyCo is putting in $4 million in equity capital towards the acquisition, and (iii) EBITDA of the target is approximately $15 million per year.
Do you know any lenders who could help with this M&A transaction?