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What Sequoia doesn't want is a large equity position, because it believes the best incentive for a company's management is to retain the majority stake themselves.
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Should the company take a larger equity position in further energy projects, rather than simply serving as an off-taker?
In addition, spreads are higher when the investor has a larger equity position in the firm, and when it purchases a larger portion of the loan.
This doesn't appear to be a case where a corporate insider is abandoning ship, but simply Harari whittling down his large equity position.
They are modern financial products designed for investors with large equity positions.
"He wouldn't have made great partners with a large equity group.
Most of its debt to the two countries was converted to a large equity stake.
So that's a large equity play.
30, 33 Equity analysis in health is rooted in a larger equity analysis in development and human rights.
"The primary shortcoming has been the inability to induce the payment reductions needed to address borrowers' high-debt profiles and/or the principal reductions to address the large negative equity position of many homeowners," the IMF said in its report.
Many foreclosures could be avoided if lenders lowered the mortgage principal to restore the homeowner to a positive equity position.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com