An Oasis Of Liquidity In An Arid Economic Environment
June 7, 2013, 1:31 PM EDT
Law360, New York (June 7, 2013, 1:31 PM EDT) -- Raising capital has never been easy. In today’s economy, it is even more difficult. For every successful business flush with cash, there are many times that number unsuccessfully seeking capital from banks, investors and traditional lenders. Why is that? Are the borrowers undeserving? Are the credit criteria too stringent? Is the collateral insufficient?
None of this is clear, but in these uncertain times what is clear is that investors and lenders are taking longer to commit to new deals, reducing the amount of their exposure and...