Success Stories

Cost Reduction Through Competitive Bidding

The Situation
The lending bank required the borrower to purchase a cap to hedge a $19MM floating rate term loan, which it offered to sell to the borrower at what it represented to be market rate. The borrower was unsure whether the price offered by the bank was the best price available.

The Solution
Swap Negotiators’ advisor arranged and conducted a competitive bidding process which resulted in the borrower purchasing its cap at a savings of nearly $38,000.