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Shareholder loan

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in the company's debt portfolio. On the other hand, if this loan belongs to shareholders it could be treated as equity. Maturity of shareholder loans is long with low or deferred interest payments. Sometimes, shareholder loan is confused with the inverse, a loan from a company that is extended to its
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This form of financing is quite common while funding young companies with positive cash flows because such firms are still not able to raise debt from banks but need debt anyway to create a
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Shareholders can extend the loan in distressed or near-default situations to save the company.
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is a debt-like form of financing provided by shareholders. Usually, it is the most
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generally relieves the corporation's debt load and is, therefore, used in
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Subordination of Shareholder Loans from a Legal and Economic Perspective
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The contribution of shareholder loans to a corporation's
769: 151: 752: 742: 158: 144: 770: 97: 139: 98:Gelter, Martin and Jurg Roth (2007). 13: 14: 799: 131: 751: 741: 30: 538:Debtor-in-possession financing 116: 91: 1: 84: 478:Staggered board of directors 7: 595:Accretion/dilution analysis 62: 16:Debt-like form of financing 10: 804: 558:Leveraged recapitalization 737: 729:Valuation using multiples 714:Sum-of-the-parts analysis 684:Modigliani–Miller theorem 585: 543:Dividend recapitalization 523: 371: 358:Secondary market offering 261: 250: 177: 747:List of investment banks 662:Free cash flow to equity 488:Super-majority amendment 413:Management due diligence 353:Seasoned equity offering 458:Shareholder rights plan 448:Post-merger integration 418:Managerial entrenchment 388:Contingent value rights 328:Initial public offering 600:Adjusted present value 463:Special-purpose entity 301:Direct public offering 271:At-the-market offering 51:to manage a degree of 615:Conglomerate discount 637:Economic value added 632:Discounted cash flow 222:Senior secured debt 74:Seniority (finance) 757:Outline of finance 669:Market value added 652:Financial modeling 610:Business valuation 533:Debt restructuring 311:Follow-on offering 296:Corporate spin-off 254:(terms/conditions) 171:investment banking 778:Corporate finance 765: 764: 689:Net present value 674:Minority interest 605:Associate company 581: 580: 548:Financial sponsor 468:Special situation 438:Pre-emption right 428:Minority discount 338:Private placement 237:Subordinated debt 192:Exchangeable debt 179:Capital structure 167:Corporate finance 105:. cesifo-group.de 49:leveraged buyouts 45:capital structure 795: 755: 754: 745: 744: 647:Fairness opinion 642:Enterprise value 625:Weighted average 553:Leveraged buyout 408:Drag-along right 306:Equity carve-out 263:Equity offerings 259: 258: 255: 227:Shareholder loan 212:Second lien debt 207:Preferred equity 187:Convertible debt 160: 153: 146: 137: 136: 125: 120: 114: 113: 111: 110: 104: 95: 20:Shareholder loan 803: 802: 798: 797: 796: 794: 793: 792: 768: 767: 766: 761: 733: 709:Stock valuation 704:Residual income 620:Cost of capital 577: 573:Project finance 563:High-yield debt 519: 498:Tag-along right 423:Mandatory offer 393:Control premium 374: 367: 343:Public offering 291:Bought out deal 253: 252: 246: 173: 164: 134: 129: 128: 121: 117: 108: 106: 102: 96: 92: 87: 79:Venture lending 69:Hybrid security 65: 33: 17: 12: 11: 5: 801: 791: 790: 785: 780: 763: 762: 760: 759: 749: 738: 735: 734: 732: 731: 726: 724:Terminal value 721: 716: 711: 706: 701: 696: 691: 686: 681: 676: 671: 666: 665: 664: 657:Free cash flow 654: 649: 644: 639: 634: 629: 628: 627: 617: 612: 607: 602: 597: 591: 589: 583: 582: 579: 578: 576: 575: 570: 568:Private equity 565: 560: 555: 550: 545: 540: 535: 529: 527: 521: 520: 518: 517: 512: 511: 510: 500: 495: 490: 485: 480: 475: 470: 465: 460: 455: 450: 445: 440: 435: 430: 425: 420: 415: 410: 405: 400: 395: 390: 385: 379: 377: 369: 368: 366: 365: 360: 355: 350: 345: 340: 335: 330: 325: 324: 323: 313: 308: 303: 298: 293: 288: 283: 278: 273: 267: 265: 256: 248: 247: 245: 244: 239: 234: 229: 224: 219: 214: 209: 204: 199: 197:Mezzanine debt 194: 189: 183: 181: 175: 174: 163: 162: 155: 148: 140: 133: 132:External links 130: 127: 126: 115: 89: 88: 86: 83: 82: 81: 76: 71: 64: 61: 60: 59: 56: 41: 32: 29: 27:shareholders. 15: 9: 6: 4: 3: 2: 800: 789: 786: 784: 781: 779: 776: 775: 773: 758: 750: 748: 740: 739: 736: 730: 727: 725: 722: 720: 717: 715: 712: 710: 707: 705: 702: 700: 697: 695: 692: 690: 687: 685: 682: 680: 677: 675: 672: 670: 667: 663: 660: 659: 658: 655: 653: 650: 648: 645: 643: 640: 638: 635: 633: 630: 626: 623: 622: 621: 618: 616: 613: 611: 608: 606: 603: 601: 598: 596: 593: 592: 590: 588: 584: 574: 571: 569: 566: 564: 561: 559: 556: 554: 551: 549: 546: 544: 541: 539: 536: 534: 531: 530: 528: 526: 522: 516: 513: 509: 506: 505: 504: 501: 499: 496: 494: 491: 489: 486: 484: 481: 479: 476: 474: 471: 469: 466: 464: 461: 459: 456: 454: 451: 449: 446: 444: 441: 439: 436: 434: 431: 429: 426: 424: 421: 419: 416: 414: 411: 409: 406: 404: 401: 399: 396: 394: 391: 389: 386: 384: 381: 380: 378: 376: 370: 364: 361: 359: 356: 354: 351: 349: 346: 344: 341: 339: 336: 334: 331: 329: 326: 322: 319: 318: 317: 314: 312: 309: 307: 304: 302: 299: 297: 294: 292: 289: 287: 284: 282: 279: 277: 276:Book building 274: 272: 269: 268: 266: 264: 260: 257: 249: 243: 240: 238: 235: 233: 230: 228: 225: 223: 220: 218: 215: 213: 210: 208: 205: 203: 200: 198: 195: 193: 190: 188: 185: 184: 182: 180: 176: 172: 168: 161: 156: 154: 149: 147: 142: 141: 138: 124: 119: 101: 94: 90: 80: 77: 75: 72: 70: 67: 66: 57: 54: 50: 46: 42: 39: 35: 34: 28: 25: 21: 788:Shareholders 699:Real options 515:Tender offer 375:acquisitions 363:Underwriting 348:Rights issue 251:Transactions 226: 118: 107:. Retrieved 93: 31:Applications 19: 18: 473:Squeeze-out 443:Proxy fight 373:Mergers and 286:Bought deal 217:Senior debt 24:junior debt 772:Categories 719:Tax shield 679:Mismarking 483:Stock swap 433:Pitch book 403:Divestment 281:Bookrunner 202:Pari passu 109:2014-02-04 85:References 38:tax shield 694:Pure play 587:Valuation 453:Sell side 316:Greenshoe 525:Leverage 503:Takeover 398:Demerger 383:Buy side 63:See also 53:leverage 508:Reverse 493:Synergy 333:Pre-IPO 321:Reverse 242:Warrant 783:Loans 232:Stock 103:(PDF) 169:and 774:: 159:e 152:t 145:v 112:. 55:. 40:.

Index

junior debt
tax shield
capital structure
leveraged buyouts
leverage
Hybrid security
Seniority (finance)
Venture lending
"SUBORDINATION OF SHAREHOLDER LOANS FROM A LEGAL AND ECONOMIC PERSPECTIVE"
Subordination of Shareholder Loans from a Legal and Economic Perspective
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Corporate finance
investment banking
Capital structure
Convertible debt
Exchangeable debt
Mezzanine debt
Pari passu
Preferred equity
Second lien debt
Senior debt
Senior secured debt
Shareholder loan
Stock
Subordinated debt
Warrant
Equity offerings
At-the-market offering

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