Medro Updates

Read Personal Guarantees Alongside the Owner’s Wider Capital Plan

By Don McClain

By Don McClain | Founder & Principal, Medro Advisors

The July 26 archive article includes personal guarantees in a complete financing review. Extend that review across the owner’s obligations: identify the agreement, who guarantees it, the obligation covered and questions about limits, duration and release. Ask counsel to explain the actual language and any events that could change exposure. Keep a contingent obligation separate from the ordinary payment schedule, and do not assume an unsecured label eliminates a guarantee. Review sensitive documents privately with the appropriate advisers. Medro Advisors connects the capital discussion with the wider ownership plan. FUNDED is forthcoming.