English to Russian Bus/Financial Finance (general)

The objective of many project financing is to ensure that the cash flow generated by the
project company is sufficient to pay off all debt and produce a suitable return to shareholders.
This will normally be the underlying basis of the project model used to solicit debt and invite
equity investments. However, should that not be the case, then the project company’s asset
values will offer some protection though lenders are cautious about asset support alone, not
least as the position of becoming a ‘debtor in possession’ may confer ownership rights but
comes with a number of other obligations and considerable potential downside for reputation.
Just as we saw that surety of cash flow through contract forms can increase certainty
for lenders, so supplementary support in the form of guarantees from shareholders or other
key stakeholders can also enhance the creditworthiness of the project, and in turn affect the
pricing of the risk