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Multi-track financing
Authors:Kennedy Steven W  Randolph John  Taddey Anthony J
Affiliation:Lancaster Pollard, Columbus, Ohio, USA. skennedy@lancasterpollard.com
Abstract:
In today's uncertain economic environment, when seeking to finance a capital project, healthcare borrowers should adopt a multi-tracked funding strategy that permits them to change capital-funding routes quickly in response to changing circumstances. The multi-tracking process requires two stages prior to securing a commitment and beginning the closing process: due diligence and indication of interest. This process should present no material additional cost during these two stages, giving healthcare borrowers the flexibility to explore a variety of financing options.
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