Sometimes, the grass really is greener on the other side – a refinancing can help optimise your balance sheet by replacing your existing debt with notes that have better interest rates and more attractive terms.
Refinancing can relieve the financial burden on a company’s debt capital structure by redirecting cashflow to other business needs. For example, a refinancing using our long-term senior debt may be a good match for businesses seeking to extend or layer out their refinancing obligations beyond the typical bank tenor. A refinancing using mezzanine debt, for instance, can add flexibility to a company’s debt capital structure, better preparing you to seize opportunities like acquisitions and shareholder buyouts.

Although completing a refinancing is a fairly common process, we’re here to help you select the capital solution that is ideal for your needs.
Typical size
  • US$10 million - US$300 million
Typical uses
  • Replace more costly debt
  • Obtain lower or fixed interest rates
Structural characteristics
  • Fixed rate
  • Secured
  • Unsecured
Issuer benefits
  • A wide variety of types of capital available to choose from, both in amount and structure
  • Access to capital in multiple currencies
  • Relationship-approach, where businesses are evaluated holistically rather than just quantitatively
Getty Realty Corp.
Leading REIT refinances in the New York Market
Getty Realty Corp. is the largest publicly-traded REIT in the United States. They specialise in the ownership and leasing of retail motor fuel and convenience store properties, primarily in the Northeast and Mid-Atlantic United States.

We were first introduced to Getty when they were actively pursuing an acquisition opportunity. Although they ultimately completed that particular acquisition with internal cashflow, we maintained an ongoing relationship with the senior management team.

Three years later, they approached us to facilitate the refinancing of their debt capital structure. They were seeking long-term senior debt capital to complement their short-term bank credit facilities.  

As a public company, Getty had many available financing alternatives but worked with us to obtain fixed-rate senior notes, helping them to achieve broader refinancing. In the end, they found in us a partner that could provide ease of execution as well as a long-term, patient relationship.
More than meets the eye: A closer look at the most commonly used type of capital.
The Pricoa Private Capital Guide to Senior Debt.
Learn More
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