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New Video: Letter of Credit Facilities in Financing Transactions

September 27, 2022

Watch this video providing an overview of letters of credit in financing transactions. Borrowers routinely make use of letters of credit in their operations, and the capacity to apply for these instruments may be incorporated into a sub-facility of a revolving credit facility.


Related Content

  • Letter of Credit Clauses (Credit Agreement)
    Take a look at these sample clauses that are usually contained in Article II of a credit agreement in a typical syndicated loan transaction. These clauses include practical guidance, drafting notes, and optional clauses.
  • Letters of Credit: Purpose and Types
    Read this practice note discussing the purposes and types of letters of credit. In many business transactions, parties will look for certainty that payments will be made as agreed. One means of increasing payment certainty is for the payor to secure a letter of credit from a financial institution (usually a bank) for the benefit of the payee.

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