Topic
Loan notes
Secured and unsecured loan notes: how they work, the key terms, and what investors look for in the documentation.
Covenants explained: what lenders ask you to promise
What covenants are in a loan note or bond, the common types, and how to negotiate ones your business can actually keep.
The true cost of a loan note: beyond the coupon
The coupon is only part of what a loan note costs. How to add up fees, legal work, security and management time before you commit.
Convertible loan notes: how conversion works, and when to use one
How convertible loan notes work: the discount, valuation cap, trigger events and maturity terms, and when a convertible suits a raise better than debt or equity.
What investors look for in a loan note
The seven questions experienced investors ask before buying a company loan note, from repayment route and security to ranking, covenants and reporting.
What is a loan note, and how does it work?
A loan note is a written promise to repay. What makes one sound is security, ranking, repayment source and default provisions — not the headline rate.
