Author: Stefan Spazek

Debt Market Quarterly Update

Debt Market Quarterly Update

3 min readWelcome to Capital Advisors Group’s inaugural quarterly newsletter that will provide a snapshot of the current state of the debt financing markets. Capital Advisors Group has been advising innovative venture-backed and growth-stage companies on debt finance transactions for more than 18 years. This newsletter will provide insight into debt markets, specifically as they relate to…

Life Sciences Venture Debt – Three Tips to Navigate a New Age of Caution

Life Sciences Venture Debt – Three Tips to Navigate a New Age of Caution

6 min readAfter enjoying years of favorable borrowing conditions, emerging biotechnology growth companies are facing headwinds generated by the current disruption of global financial markets. Inflation is high, interest rates are on the rise and equity markets are sinking. Lenders have shifted to conservatism, setting the bar higher for borrowers who now must adjust to new realities….

Healthcare Debt Financing: Choosing the Right Lender

Healthcare Debt Financing: Choosing the Right Lender

1 min readIn this webinar, Stefan Spazek and special guests Bill Wickline, who leads the national life sciences practice for Bridge Bank, and Robert Lake, leader of the national life sciences group at Runway Growth Capital, discuss debt financing for growing companies in the healthcare sector. Watch a recording (10/27/2021) of Capital Advisors Group’s webinar, Healthcare Debt…

Case Study: When Speed Matters

Case Study: When Speed Matters

5 min readCapital Advisors Group has written extensively in the past about the when and how a company can maximize the utility of venture debt financing, focusing on variables such as the company’s financial profile, its growth and development strategy, and management’s priorities. With this information in hand, Capital Advisors Group can help identify and engage the…

Venture Debt – A 2020 Retrospective And A Look Ahead

Venture Debt – A 2020 Retrospective And A Look Ahead

1 min readIn this webinar, Stefan Spazek, along with a panel of lenders review the ups and downs of 2020 while also looking ahead to what the coming year may bring. Watch a recording (12/8/2020) of Capital Advisors Group’s webinar, Venture Debt – A 2020 Retrospective And A Look Ahead. Hosted by Stefan Spazek, EVP – Director…

State of the Market: Debt Financing for Clinical Stage, Publicly Traded Life Sciences Companies

State of the Market: Debt Financing for Clinical Stage, Publicly Traded Life Sciences Companies

8 min readDOWNLOAD FULL REPORT Capital Advisors Group is a Boston-area based institutional investment advisor that has been helping venture-backed companies invest their cash assets for more than 22 years. Its debt finance consulting division helps venture-backed companies determine their optimum capital structures, identifies appropriate lenders, sources term sheets and negotiates deals. Executive Summary Capital Advisors Group’s…

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Managing Loan Covenants Amidst Pandemic Economic Impacts

4 min readWatch the webcast: Click the above video webcast by Capital Advisors Group EVP Stefan Spazek. Some managers of emerging growth companies who took out loans prior to the pandemic may now be confronting the prospect of violating covenants written into their debt agreements. Debt covenants are financial and/or performance-based requirements that lenders put on borrowers…

Understanding Early-Stage Debt Financing: Why Good Deals Turn Bad

Understanding Early-Stage Debt Financing: Why Good Deals Turn Bad

7 min readDOWNLOAD FULL REPORT Introduction At Capital Advisors Group, we have advised hundreds of early-stage companies on billions of dollars of debt transactions over the past 17 years. You might think that we’ve seen it all—but we haven’t, not even close. Every deal is different, and every company’s capital structure is unique. However, there are some…