Insightsfrom Vergard Partners
A continuously updated stream of analyses, guides and market notes from Vergard Partners — covering corporate loans, refinancing, capital structure and Nordic financing.
- 02Refinancing·18 June 2026·6 min read
Refinancing corporate loans — when is it worth it?
Refinancing is rarely an end in itself — the decision should be driven by lower cost of capital, improved liquidity or a capital structure that better matches the company's stage. Here is how to make a structured assessment.
- 03Loan agreements·8 June 2026·8 min read
Covenants in loan agreements — what you need to know
Covenants are the lender's tool for monitoring risk over the life of the loan. For the borrower they are an ongoing constraint on flexibility — and one of the most misunderstood parts of a credit agreement.
- 04Corporate finance·30 May 2026·7 min read
Capital structure for SMEs — debt versus equity
The right balance between debt and equity lowers the weighted cost of capital and makes the company more resilient. For SMEs the decision is driven by cash-flow stability, growth stage and the owner's risk appetite.
- 05Alternative financing·20 May 2026·6 min read
Bridge loans and mezzanine — alternative financing for growth companies
Where bank financing is insufficient, bridge loans and mezzanine can span the gap to the next equity round or exit. These instruments are more expensive — but used correctly they protect dilution and momentum.
- 06Risk management·10 May 2026·7 min read
Personal guarantees — legal and financial consequences
A personal guarantee is one of the bank's most powerful tools for securing a corporate loan — and at the same time one of the most underestimated risks for the owner. A serious analysis should happen before the guarantee is signed, not when it is called.
- 07Corporate restructuring·2 May 2026·9 min read
Company reconstruction under LFR — a practical guide for owner-led companies
The Swedish Company Reconstruction Act (LFR) was modernised in 2022 to align with the EU Restructuring Directive. For owner-led companies in financial distress it is often the only alternative to bankruptcy — but it requires swift and structured action.
- 08Nordic expertise·22 April 2026·7 min read
Nordic cross-border financing — SE/NO/DK/FI in practice
The Nordic credit markets look similar from a distance but differ in detail: security law, insolvency regime, currency risk and the structure of the banking market. For companies operating in several countries, cross-border financing is both an opportunity and a pitfall.
- 09Personal finance·14 April 2026·6 min read
Personal debt relief — process, conditions and effects
Debt relief is an orderly path back for those who are qualifiedly insolvent. The process is fundamentally generous but requires full transparency with the enforcement authority and readiness to live under a payment plan for five years.
- 10Markets·4 April 2026·5 min read
Rate caps, margins and reference rates — understand the pricing
A floating-rate corporate loan is priced as a reference rate (STIBOR or equivalent) plus a margin. Understanding the two components — and protection instruments such as rate caps — is fundamental to good debt management.
- 11Corporate finance·25 March 2026·6 min read
Due diligence for refinancing — the CFO's checklist
A thorough due-diligence preparation delivers a faster process, fewer follow-up questions and better terms. Here is the checklist a CFO should work through at least 90 days before a refinancing.