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
Significant tax risk to non-US companies created by America First Trade Policy
On his first day in office, President Trump signed two memoranda, the Global Tax Deal and the America First Trade Policy, covering noteworthy international...