Finance Monthly - October 2021

façade” and propose creative debt capital solutions thus alleviating the predictable issues that they may face with their traditional sources of finance (i.e. anticipated defaults; being pushed into special/distressed account management) which allows these businesses to avoid the associated default and monitoring fees imposed upon them. What would you say are the benefits of financing solutions that go beyond traditional sources of capital? FrontWell is a relationship- driven lender providing flexible “stretch” committed senior secured credit facilities that rely on adaptative and knowledgeable management, well-established operations and adequate asset coverage. We do not rely on financial covenants. FrontWell provides transitionary debt capital solutions, and as such, we seek to provide a clear path for companies to transition from point A to point B, absent leverage covenants and tenuous debt service coverage covenants – we are providing patient capital in structures such that the company does not need to continually worry that they are going to be tripping covenants - peace of mind – so that the leaders of the company can focus on achieving their objectives so that they may return to traditional financing. And in some cases, such companies remain with FrontWell given our friendly, professional, and experienced approach to working with the companies to achieve such objectives. Our team which has over 150+ years of North American asset- based and large institutional corporate lending experience with an expansive network of professional relationships also allows us to provide companies with a myriad of services. What do you think the future holds for your industry? The sky is the limit. In creditor friendly markets, by way of taking security against debt, such as the US and Canada, alternative credit shall continue to grow at an exponential pace, and we are already beginning to see a substantial increase in our pipeline for businesses seeking alternative debt capital solutions as they are fast approaching the near term maturity of the government subsidies. There is always going to be a space for creative “stretch” senior secured debt capital solutions and FrontWell is in an incredible position to deliver the first-in-class service to prospective clients. Geoffrey Hiscock Senior Vice President of Originations FrontWell Capital Partners E: ghiscock@frontwellcapital.com P: 416.613.8079 | C: 416.579.6179 www.frontwellcapital.com FrontWell is a private credit fund focused on providing transitionary senior debt financing to middle-market companies in the United States and Canada. In his role, Geoff is responsible for sourcing senior secured debt transactions with financing needs ranging between $5MM - $50MM, whilst working in conjunction with the prospective client and the company’s experienced underwriting and portfolio team to structure and deliver the optimal senior debt capital solution. FrontWell differentiates itself by providing creative bespoke senior debt capital solutions, in the forms of revolving and term lines of credit to middle-market companies that may be distressed, are in high growth situations, require recapitalisations, are engaged inM&A activity and require the necessary transitional capital, outside of traditional sources of senior debt, in order to properly capitalise the business for growth and transitionary purposes so that the business can transition to more traditional financing (i.e. bank or bank ABL). Finance Monthly. Bank i ng & F i nanc i a l Se r v i ce s 33