Writing for Asset Servicing Times,
Carey Olsen Partner Chris Anderson updates on trends and issues
facing the investment funds sector in Guernsey in the COVID-19
environment.
Debt
The pandemic has taken a heavy toll on business. For many,
particularly those in the retail sector, revenues have dropped to
zero. Securing debt facilities has been crucial for those companies
in attempting to ride out the crisis. In Guernsey we have already
seen a great deal of lending activity – both private and
public. Private equity funds have been scrambling to secure credit
lines for struggling portfolio companies – often with some
urgency. Even where the borrower is not in immediate distress,
there has been a sense that credit should be secured while it
remains available.
