Overview
Hybrid capital provides businesses and investors with financing structures that combine characteristics of debt and equity. The legal and commercial terms of these instruments require careful consideration of ranking, investor rights, governance and applicable regulatory requirements.
We advise issuers, investors, financial institutions and sponsors on the structuring and documentation of hybrid capital transactions involving Saudi businesses and investments. Our work covers debt and equity-linked instruments, ranking and subordination, investor rights, corporate considerations and applicable capital market and regulatory requirements.
Our experience includes advising on:
- Hybrid debt and equity instruments
- Convertible and exchangeable instruments
- Subordinated and junior capital
- Preferred equity arrangements
- Equity-linked capital instruments
- Ranking and subordination arrangements
- Investor rights and protections
- Saudi corporate and regulatory considerations
- Refinancing and recapitalisation
- Transaction documentation and negotiations
