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Lender Relationship Management Experience

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Lender Relationship Management Experience

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Questions and Answers

What is the purpose of a revolver in the context of the text?

To have the flexibility to borrow small amounts as needed (correct)

To take out a large sum of money all at once

To manage liquidity by investing in different funds

To repay the term loan in smaller installments

What does the term 'forbearance with the lender' indicate about the company's financial situation?

The company had an excellent credit rating and didn't need to borrow

The company was experiencing financial difficulty and needed temporary relief from loan obligations (correct)

The company was planning to secure a new loan for expansion purposes

The company had already repaid all its loans and was in a strong cash position

What is the CFO's primary concern when mentioning 'liquidity' in the context of the text?

Ensuring that the company has a large amount of cash reserves (correct)

Maximizing the returns on the company's investment portfolio

Developing a strategy to attract more venture capital for expansion

Paying off all outstanding debts to improve the company's credit rating

What does the CFO mean when mentioning 'debt service payment' in relation to the term loan?

The total interest payable over the duration of the loan Signup and view all the answers

What is the purpose of having a DDT L (delayed draw term loan) sitting there, according to the speaker?

To seize a great opportunity when it arises Signup and view all the answers

How does the speaker describe their approach to treating shareholders and debt holders?

They treat both parties equally Signup and view all the answers

What aspect of the business does the speaker highlight as important regarding the monthly and quarterly meetings with creditors?

Net leverage ratios Signup and view all the answers

According to the speaker, what makes the lenders and board happy?

Maintaining a cushion in liquidity Signup and view all the answers

What important role do creditors play in the private company's annual audit process, according to the speaker?

They are a significant part of the audit process Signup and view all the answers

How does the speaker describe their experience of working with creditors during challenging times?

Creditors cooperated and worked with them during challenging times Signup and view all the answers