CRA was engaged by a mid-market global investment company to conduct analyses to support interest rates on ‘mezzanine’ loans (i.e., high-risk, unsecured, non-guaranteed, with no supporting covenants). The analyses included (i) determining a ‘synthetic’ credit rating on the loan recipient, (ii) identifying corresponding comparable bond yields, and (iii) conducting extensive third-party mezzanine loan interest rate research to derive industry norms for comparable mezzanine loans; including the identification of key parameters generally influencing the mezzanine interest rates
Dr. Gene Tien joins CRA's Transfer Pricing Practice
CRA is pleased to announce that Dr. Gene Tien has joined the company as a vice president in the Transfer Pricing Practice.