SECURITISATION MANAGEMENT

VanGraham & Associates SA (VanGraham) is the Program Manager for the development of FIRE Securities (Fixed Interest Rated Euronotes).

FIRE Securities are practical, low cost, flexible alternatives to traditional bank financing for lower to upper middle market companies looking for short to long term project finance, corporate/ shareholder liquidity, or balance sheet improvement. 

FIRE Securities can be issued from €25 Million to €500 Million Euros and higher (proceeds can be delivered in different currencies). FIRE Securities are structured and priced on a project-by-project basis based on the rating of the overall project strength and market conditions.

FIRE Securities are issued in the Luxemburg market and listed/traded on the Luxemburg Stock Exchange/Euro or MTF (Multilateral Trade Facility).

Why Luxemburg?

- The Luxemburg financial center is a prime venue for securitisation in Europe. Luxemburg hosts

   25% of all European securitisation transactions for 1000+ bankruptcy remote/Special Purpose 

  Vehicles (SPVs).

- Luxemburg is a leading European center for Asset Backed Securities (ABS) issuance and trading.

- The Luxemburg Stock Exchange is one of the largest exchanges in the world for “Green” 

   projects, technology, and corporate issues.

- Over 3,500 ABS are listed on the Luxembourg Stock Exchange (LSE).

- The Exchange has more than 650+ different issuers of ABS in its current listings.

- Issuers originate from more than 37 different jurisdictions/countries around the

   globe.

- Luxemburg carries a “AAA” rating and is politically neutral.

- Luxemburg listings represent internationally recognized, quality labels.

- A cost efficient, relatively fast and predictable listing process.

FIRE Securities issues may be considered viable options to:

- Improve Corporate and/or Shareholder Liquidity

- Generate Higher Net Financing Proceeds

- Improve Balance Sheets

- Diversify or Expand Access to Capital Markets

- Create Liquidity Utilizing Otherwise Illiquid Assets

- Minimize Potential Tax Liabilities (consult your tax and legal advisors)

- Estate Planning – Create liquidity and tax advantages (advice of your counsel is

  recommended

 WHAT WE DO 

VanGraham & Associates personnel are experienced professionals with more than 60 + years of collective experience structuring and managing financings in more than 45 different industries around the globe. Our mission is to provide a coordinated one stop, end-to-end solution for our client/issuers with the end result being a rapid process to getting the bond credit rating desired and ultimately, the purchase of FIRE Securities for our clients.

Our services include but are not limited to:

- Due diligence needed for legal counsel and rating agencies

- Development of a financial structure for submission to rating agencies

- Development of writing and packaging of materials for rating agency submission

- Negotiations with rating agencies to achieve the highest credit ratings possible

- Packaging of information and documentation for Luxembourg bond counsel

- Development with legal counsel of the writing of the placement memorandum to investors

- Development of the listing package for the Luxembourg Stock Exchange (the

  Exchange)

- Coordination and communication between issuer, bond placement agent, legal

   counsel, the Exchange and bond buyers

Rating Agencies Used

VanGraham & Associates focuses on globally recognized rating agencies that are alternatives to institutions such as Moody’s or Standard & Poor’s, yet highly respected in the institutional investor community:

ASSETS AND STRUCTURES

Eligible Assets

- Accounts Receivable

- Revenue anticipation from credit ratable corporate or government purchasers

- Real Estate cash flow-producing (apartment complexes, industrial, commercial).

  (Note: single family residential developments are not eligible).

- Project Construction

- Aircraft (corporate and commercial)

- Valuable Art

- Machinery and Equipment

- Precious Metals and Gems

- Oil & Gas Projects

- Commercial Credits

-·Bonds/Notes

Essentially, any Alternative Assets with verifiable values, cash flows and potential market liquidity may be considered..

Financing Structures & Bond Criteria

FIRE Securities can potentially be as flexible, as needed to accommodate the Issuer/Client’s cash flow concerns and requirements:

- Financing Range :  €25 Million to €500 Million + with preference of €50 to €250 Million +

- Term::  3 to 20+ years

- Interest Rate :  Fixed

- Amortization :  Interest only with flexible principal repayment structures as needed

- Principal Reduction :  Flexible on timing and structure (i.e., near-term inter``est only with flexible

  sinking fund structures

- Capital Reserves :   Developed as needed (if needed) to obtain credit rating.

 ELIGIBLE ISSUERS 

CORPORATE ISSUERS

- Asset Rich, in Need of Liquidity

- Strong EBITDA Cash Flows in Excess of 10 Million Euros

- Expansion Capital

- Refinancing or Restructuring of Existing Debt to Improve Net Cash Flows

- Shareholder Dividends/Distributions

FINANCIAL INSTITUTIONS

Financing to Improve Balance Sheet or To Provide Outside Operations Liquidity Having a big sale, on-site celebrity, or other event? Be sure to announce it so everybody knows and gets excited about it.

REAL ESTATE DEVELOPERS

Project Financing For Commercial or Mid-Size Large Residential Projects

GOVERNMENT AGENCIES

Small to Mid-size Countries (other than USA entities) With Populations of 1,000,000+ and Stable Governments