Banks and other providers of leveraged finance
Banks have a crucial role to play in providing capital for the growth and evolution of businesses.
Mercer & Hole have been appointed as investigating accountants for Financial Due Diligence by several major banks. Our reports are used by the Corporate Finance teams, and ultimately by the credit department, to make informed lending decisions.
Our reports for lenders focus on the ability of the banker to service debt, usually the critical factor for a bank.
We are also able to advise on terms specific to banks – setting covenants, keyman insurance, repayment terms and security.
We can also prepare pre-lending reviews for banks – before it gets to the Due Diligence stage.