Change in Approach for Local Businesses ; Even Planned Refinancing Requires a New Approach. Stuart Sewell, From Kpmg's Debt Advisory Group in the Midlands Reviews

Birmingham Post › January 13, 2011

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Summary

The impending refinancing 'wave' due to impact the UK in 2011 through to 2013, combined with the lending contractions impacting the banks, means that the challenges have never been greater for those looking towards the end of their existing debt financing arrangements.

Indeed companies are well advised to consider approaching the bank(s) for an early refinance as the ability of the UK banks to entirely fund all of the maturing facilities through to 2013 is questionable. They should not allow themselves to be the last in the queue.

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Extract

Change in Approach for Local Businesses ; Even Planned Refinancing Requires a New Approach. Stuart Sewell, From Kpmg's Debt Advisory Group in the Midlands Reviews

As well as facing previously unseen competition for funds, businesses will be dealing with empowered credit committees and tough, information hungry banks. It is because of this that local businesses need to act now in relation to pl...

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