Tombstone

Categories: Ipos, Brokerages,

a notice in the financial press giving details of a large lending facility, or large equity or debt securities offerings, to a business. It may relate to a management buyout or to a package that may include an interest rate cap and collars to finance a specific package. More than one bank may be involved. Although it may appear to be an advertisement, technically in most jurisdictions it is regarded as a statement of fact and therefore falls outside the advertisement regulations. The borrower generally pays for the advertisement, though it is the financial institutions that derive the most benefit.