Notes
Slide Show
Outline
1
Structuring Deals with Equity

Financing in the Energy Sector
  • Jelle Sjoerdsma
  • Managing Director
  • Dynamic Equity Limited


  • 27 November 2002
2
It’s All About Layers
3
Types of Layers
4
Debt Features
5
Equity Features
6
Maximize Debt First
7
Fill the Gap with Equity
8
Example
  • New venture for 30 M$ investment
  • Bankers can provide debt up to 20 M$
  • Principals can provide 4 M$
  • Remaining gap is 6 M$
  • Dynamic Equity could participate:
    • 1 M$ Ordinary shares for 20% stake
    • 5 M$ Preference shares
9
More Layers Make a Bigger Cake