When opportunity strikes, be prepared. A Pricoa Shelf facility provides companies with fast and efficient access to capital, flexible structure and terms, and competitive set-up and all-in costs, making it an exceptional financing vehicle for a wide variety of uses.
A Pricoa Shelf facility allows you to access capital when you need it, without having to go through a lengthy documentation process. Business moves fast, and opportunities can pass by quickly; a Pricoa Shelf facility is an excellent way to prepare yourself ahead of time. While the capital is not committed, it is legally documented up front, so that if an opportunity arises, and you have a borrowing need, you can quickly access capital from us. Thanks to pre-approval, we can respond very quickly to individual draw or loan requests.
With a Pricoa Shelf, the rate indication is updated frequently after pre-approval, and the coupon is set shortly after a draw request, typically within several days. Funds are delivered just as quickly; usually within just a few weeks. A typical Shelf facility has a three-year horizon, during which you can make draw requests for a multitude of reasons, like an acquisition, a re-financing need, or growth capex. It is especially helpful in times of market volatility, when other financing sources may not be accessible. And best of all, you can customise your draws to fit your needs, whether it is different tenors, different currencies, or different amortisation profiles.
If you want the peace of mind that the capital you need will be available when you need it, a Pricoa Shelf might be a practical and strategic financing option for your business.
- £10 million - £300 million
- Risk management
- Refinance debt
- Lock-in fixed rate
- Interest rate averaging
- Expansion and growth capital
- Opportunistic stock repurchasing
- Diversification of capital sources
- Can choose payment terms for each draw – customised amortisation schedule and maturity
- Multiple draw capabilities – interest rate averaging vs. timing the market; customised debt to meet your operating objectives
- Draws can be funded in most major currencies
- No underwriting or registration fees
- No facility fees or unused commitment fees
- No agent fee
- One-time structuring fee to establish the Pricoa Shelf
- Low issuance fee, payable at closing of each Shelf draw
Our Two Cents
PRICOA SHELF BASICS
Hear Julie Langdon, Bill Engelking, Josh Shipley, and Tom Molzahn share how companies can utilise a Pricoa Shelf to invest and grow more opportunistically.
“We continue to work with Pricoa Private Capital because of the ease of doing business with the shelf offerings. If we need to have an expansion or if we need additional capital, it is a very simple transaction, and we know that Pricoa will be there for us.”
Michelle Lewis, Chief Financial Officer, AAA Cooper Transportation
fast. Shouldn’t your
capital keep up?
“We are a partner who will be opportunistic with you – making the capital you need available for that acquisition you want to make or whatever comes your way.”
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Pricoa Private Capital (‘PPC’) is a trading name of PGIM, Inc. (‘PGIM’), the principal asset management business of Prudential Financial, Inc. ('PFI'). Pricoa Private Capital registered in Ireland as Pricoa Capital Group (Ireland) Limited, Pramerica Drive, Letterkenny Business and Technology Park, Letterkenny, Co Donegal, F92 W8CY, Ireland. Registered in Ireland under company number: 635793. Authorised and Regulated by the Central Bank of Ireland. In the United Kingdom (UK), and various other jurisdictions in Europe, certain investment activities are undertaken by Pricoa Capital Group Limited, authorised and regulated by the Financial Conduct Authority, (registration number 172071). Pricoa Capital Group Limited is registered in England No. 1331817. The registered office is Grand Buildings, 1-3 Strand, Trafalgar Square, London WC2N 5HR. PPC, Pricoa, PGIM and the Rock symbol are service marks of PFI and its related entities, registered in many jurisdictions worldwide. PFI of the United States is not affiliated with Prudential plc, a company incorporated in the United Kingdom.
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