Loose Change
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Loose Change

As a banker making a loan to a company, have you noticed how the relationship resembles courtship and marriage?

As a banker making a loan to a company, have you noticed how the relationship resembles courtship and marriage? Maybe not, but Bill Loebbaka, a principal with Horizon Advisors, suggests that the relationship between a lender and borrower resembles courtship and marriage, with both having the potential to be blissful or miserable. Asking good questions before saying I do can prevent a world of pain, notes Loebbaka, who could be making allusions to Enron Corp. or Sunbeam Corp. But if the lending and marriage are similar, what does that make distressed debt investors and reorganization lawyers?

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