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Market Trends 2022/23: Equity Cure Rights

August 22, 2023 (2 min read)

Make sure you are up to date on the latest trends in equity cure rights in credit agreements. Equity cure rights permit an investment of cash in the borrower—typically made by a holding company, sponsor, or other shareholder—to allow the borrower to comply with financial maintenance covenants in the credit agreement, thus preventing or repairing a breach of that covenant. This practice note discusses current market trends in publicly filed credit agreements from the second half of 2022 and first quarter of 2023.

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