ADVISORY & TRANSACTIONS

From Mandate to Drawdown

A financing requirement is only half the work. The other half is execution. Maruvada Advisory works with businesses, sponsors and capital providers to structure financing requirements and coordinate the path from mandate through structuring, regulatory and documentation workstreams, security creation, capital-provider engagement and funded close.

We bring together the commercial objectives of the transaction, the requirements of capital providers and the execution disciplines required to move a financing from concept to completion.

Discuss a Transaction

HOW A TRANSACTION MOVES

A Disciplined Path From Requirement to Funded Close

Most mandates follow a structured execution architecture, giving borrowers and capital providers clarity on the key stages of the transaction.

01 — Origination

We begin by understanding the business, financing requirement, existing obligations, transaction objectives and credit profile. The mandate is formalised and the information required for lender engagement is organised into a clear credit-positioning package.

02 — Commercials

We identify relevant capital providers, map lender appetite and initiate targeted engagement. This stage includes term-sheet development, commercial discussions, pricing and alignment on the proposed financing structure.

03 — Regulatory

Regulatory and documentation considerations are addressed alongside commercial negotiations rather than treated as a final-stage exercise. Where relevant, this includes RBI, FEMA, foreign-exchange and other applicable regulatory requirements.

04 — Risk & Structure

The financing structure is refined around the transaction's collateral, cash flows, tenor, currency exposure and repayment profile. Where appropriate, this can include security structuring, escrow mechanisms and FX or treasury considerations.

05 — Security & Documentation

We coordinate the workstreams required to establish the agreed security and documentation framework. Depending on the transaction, this may include charge registration, escrow or TRA arrangements, security perfection and satisfaction of conditions precedent.

06 — Execution & Monitoring

We coordinate the final stages toward drawdown and funded close. Where applicable, our involvement continues through post-close covenant, reporting and cash-flow monitoring.

CAPITAL ARCHITECTURE

The Right Instrument for the Right Requirement

Different financing requirements call for different forms of capital.Maruvada evaluates the transaction across collateral quality, cash-flow profile, tenor, risk allocation and capital-provider appetite, and structures the financing accordingly.

Senior Debt & NCDs

Senior secured financing for construction, completion, expansion, acquisition and corporate requirements.

Structures may include term loans or non-convertible debentures, with repayment and drawdown mechanics aligned to the transaction and cash-flow profile.

Potential capital providers: Banks, NBFCs and other institutional lenders.

Project & Acquisition Finance

Transaction-specific financing designed around the acquisition, development or expansion of an underlying asset or business.

Structures are aligned to project cash flows, acquisition consideration, completion requirements, repayment capacity and the underlying security package.

Potential capital providers: Banks, NBFCs, institutional lenders and private-credit platforms.

Receivables Monetisation

Financing solutions built around eligible receivables and contracted cash flows, helping businesses convert future collections into near-term liquidity.

Structures are developed around the nature of the receivables, obligor quality, collection profile and applicable regulatory framework.

Potential capital providers: Banks, AIFs, credit funds and other institutional investors.

Structured & Mezzanine Debt

Capital for situations where conventional senior debt may not fully address the financing requirement.

Depending on the transaction, this can include subordinated or second-ranking structures supporting land acquisition, growth capital, expansion or other specialised requirements.

Potential capital providers: Private-credit funds, AIFs and selected family offices.

Alternative & Private Credit

Flexible capital for financing situations requiring bespoke structuring, differentiated risk assessment or an alternative to conventional bank financing.

This may include growth capital, refinancing, transitional funding and selected special situations.

Potential capital providers: Private-credit platforms, AIFs, credit funds and family offices.

Equity-Linked Capital

Where appropriate, equity-linked instruments can provide balance-sheet support and longer-term growth capital.

Potential structures may include convertible instruments or warrants, subject to the requirements of the transaction and applicable regulatory framework.

Potential capital providers: PE funds, AIFs and strategic investors.

TRANSACTION PROTECTIONS

Structures Designed With Risk & Execution in View

The appropriate protection framework depends on the instrument, collateral, cash flows, lender requirements and transaction structure.

Where relevant, financing structures may incorporate:

Security over assets or receivables

Structured according to the transaction and lender requirements

Escrow & TRA mechanisms

Supporting controlled collection and application of cash flows

Debt-service reserves

Where appropriate to the repayment structure

Financial covenants

Including leverage, DSCR or other agreed performance thresholds

Charge registration

With applicable statutory filings and security-perfection requirements

Reporting & monitoring

Providing lenders and stakeholders with appropriate visibility throughout the transaction

WHERE MARUVADA ADDS VALUE

Capital Access Is Only One Part of the Transaction

Certain transactions require additional structuring, regulatory or capital-market expertise.

Cross-Border Financing

For eligible borrowers, Maruvada can support financing routes involving international lenders and offshore capital, including consideration of ECB, FEMA, foreign-exchange and treasury requirements.

Special Situations

We evaluate selected situations involving refinancing, transitional capital, last-mile requirements, distressed or stressed assets, OTS funding and other circumstances where conventional financing may not provide the required structure or flexibility.

Multi-Instrument Transactions

Where a single source of capital does not adequately address the requirement, we can evaluate a combination of senior debt, structured capital, receivables monetisation and other instruments within an integrated financing architecture.

A Clear Path From Mandate to Close

WHAT TO EXPECT

The timing of a transaction depends on its size, complexity, regulatory requirements, documentation and capital-provider process.

For a typical single-tranche mandate, the process may broadly be organised into two phases.

PHASE I — STRUCTURING & ORIGINATION

Weeks 1–4

Mandate execution, information and credit positioning, transaction structuring, capital-provider mapping and initial lender engagement.

PHASE II — EXECUTION & CLOSURE

Weeks 5–12

Term-sheet alignment, diligence, documentation, regulatory and security workstreams, conditions precedent and drawdown coordination.

Cross-border, multi-tranche and more complex transactions may require a longer execution timeline. Each mandate is scoped according to its specific requirements.

BRING US A TRANSACTION

From Financing Requirement to Executable Structure.

Whether the requirement is a single-tranche term loan, structured debt, receivables monetisation, private credit or a multi-instrument capital stack, Maruvada evaluates the financing architecture and the path required to reach close.

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