COVID-19 – Debt Structuring & New Funding for Companies
|Author: Crispin Mwebesa|
|Dated: April 8, 2020|
Things to consider if your Business is looking for Debt Restructuring and New Funding as a result of COVID-19 and Potential lockdown/lockdown
According to the World Bank, COVID – 19 pandemic is testing the limits of societies and economies across the World, and African countries are likely to be hit hard. In that vein, the pandemic has impacted many businesses in Africa and as such companies and businesses are considering restructuring of their debts as a way of cushioning themselves from financial distress and possible insolvency.
In view of the above, our banking and finance department has developed points that are critically crucial when you are considering your debt structure including the opportunity to potentially access new funding. These points are important at this juncture as you plan for business continuity in light of the potential lockdown. They will still be relevant even during and after the lockdown.
2. Points for your consideration
Should you require our services on any of the above, kindly contact us.
This publication has been prepared for information purposes only, and it does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, Afrilex Associates, its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.