Risk Assessment In Project Finance Transactions

Law360, New York (June 15, 2011, 6:16 PM EDT) -- Project finance in its present configuration for developing infrastructure projects began about four decades ago with the financing of capital-intensive projects that a single company was unable or unwilling to finance on its own for any number of reasons:

a company may lack the credit to support the financing of a particularly large project, or restrictive covenants in its credit facilities may limit its ability to finance a project by issuing company indebtedness; or a company that could arrange financing may be deterred from proceeding by...
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