The focus of the case is on the financial strategy of Lawson Mardon Group following an leveraged buyout. The immediate decision involves exploring the Euro-Commercial Paper Market and the Sterling Commercial Paper Market as possible alternatives to its current banking facility, a multi-option facility. The case is an ideal vehicle for initiating a discussion of interest rates, the term structure of interest rates, bond ratings and money market instruments. Three follow-up cases of the same name outlined subsequent events.