Reading a Project Finance Term Sheet: Covenants, Conditions Precedent, and Step-In Rights

Read time: ~8 min Standfirst: A project finance term sheet is not a summary of the deal. It is the document that decides who actually controls the asset the day something goes wrong, and what a sponsor must prove, contract by contract, before a single dollar of debt is disbursed. For anyone evaluating consortium entry, … Continue reading Reading a Project Finance Term Sheet: Covenants, Conditions Precedent, and Step-In Rights