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Going, Going, Gone!

November 14, 2023 (2 min read)

Read this practice note discussing recent market trends in competitive bid loan provisions. A competitive bid loan is a feature that can be added to a credit agreement to provide additional pricing flexibility for investment grade borrowers. Competitive bid loans allow the borrower to solicit bids from its lenders to provide loans on maturities and interest rates different than those applicable to the revolving loans already available under an existing credit facility.

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Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.

  • Read the new edition of the Practical Guidance Journal featuring guidance for borrowers and sponsors entering into private credit loans with non-bank lenders. Also learn about sustainability-linked bonds and loans through a new video series.


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