11. Lenders

11.1 List the major lenders and the amount of loans.

In this time of pri­vate equity and lever­aged buy­outs, lenders may play very strong roles in a firm.  For example, Blackstone, a major private equity firm, played a major role in the restricting of Hilton Hotels. If your tar­get firm is highly lever­aged (in debt), find­ing infor­ma­tion on lenders is even more important.

Some information about lenders can be found in Annual Information Form available at  SEDAR, as well as in the company annual report and on the company web site.

All firms borrowing money in Canada must file with the  Personal Property Security Registration System. This is similar to the Uniform Commercial Code (UCC) system that borrowers must use in the U.S.  Searches on the PPSRS system currently cost $8.00 Cdn.