Mid-market telecommunication companies are accessing debt capital in a form only previously available to large-caps, in a borrower-friendly market.
Many large telcos rely on the bond markets to fund growth. Until now this form of financing has been unreachable for their smaller mid-market cousins, affecting their potential for growth and meaning slower consolidation in the sector.
The emergence of a large number of new direct lenders, many of whom are based in London, is bringing greater access to more flexible funding similar to the high-yield bond market. These are providers of senior debt products; they are not mezzanine lenders.
With an unprecedented number and type of debt financing options now available to telcos in the mid-market, and greater competition creating borrower-friendly conditions, savvy borrowers can fund their strategic ambitions in ways they might not have thought possible even just a few years ago.
Download our attached PDF to read more on the changing funding landscape for mid-market telco companies.