Question: payment of legal fees in an equity and debt financing
Hello, this is a noob question but one I could not find an answer for in my search of the various threads on the forum. When a developer/sponsor is seeking to raise additional equity, or raise debt financing, do they pay for the equity and credit investors legal fees? I seem to recall the convention in project finance is for the sponsor to pay for borrower legal fees - is that correct? And does coverage of legal differ for an equity investor?
Thank you for the help.
Dolor nisi dignissimos quaerat nihil. Et minus dolorem consequatur aut placeat. Aut sunt tenetur magnam sapiente.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...