Term Sheet Tips For Emerging Cos. Seeking Venture Money
March 18, 2013, 6:08 PM EDT
Law360, New York (March 18, 2013, 6:08 PM EDT) -- Many of Latham & Watkins’ emerging companies clients turn to venture debt facilities to meet at least some of their financing needs. Venture debt facilities are typically provided to emerging companies that are likely to require further equity investments from their venture capital backers. Most of these facilities include a loan (term loan and/or a revolver, typically asset-based) and a warrant.
The demand for venture credit expanded greatly during the Great Recession and shows no sign of easing. A majority of our venture-backed clients now enter...
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