Pricoa Shelf

The Pricoa Shelf product is part of Pricoa Capital Group's full range of private capital products. Created to meet a company's desire for fast and efficient access to capital, the Pricoa Shelf is an uncommitted financing facility in which medium-term and long-term notes can be issued on multiple occasions.


Structural Characteristics

  • Choice of payment terms for each draw, with custom amortization schedule and maturity
  • Multiple draw capabilities, enabling interest rate averaging vs. market timing
  • Fixed- or floating-rate debt


Typical Size

  • US$20 million - US$150 million


Typical Uses

  • Refinance debt
    • Lock-in fixed rate
    • Interest rate averaging
    • Expansion / Growth capital
    • Acquisitions
    • Opportunistic stock repurchasing
    • Diversification of capital sources


Potential Issuer Benefits

  • Fast and efficient access to capital
    • Terms and conditions of draws negotiated at establishment of facility
    • Frequent rate indication (daily, if requested)
    • Coupon set and funds delivered typically within three to five days
    • Customized debt to meet issuer’s operating objectives
    • Low setup and all-in costs
    • No underwriting or registration fees
    • No facility or unused commitment fees
    • No agent fee
    • One-time structuring fee
    • Low issuance fee, payable at closing of each draw