Ready to Commit?

Read this practice note discussing current market trends in publicly filed commitment letter term sheet provisions from the second half of 2023 to the first half of 2024. This practice note examines some of the key provisions contained in commitment letter term sheets for various types of credit facilities, including loan documentation principles, call protection, terms regarding unrestricted subsidiaries, and financial covenants.

Read now »

Related Content

• Commitment Papers Resource Kit
  Check out this resource kit providing an overview of financing commitment papers. The commitment letter and its attachments are the starting point of the definitive documentation and the drive to closing, but they are also the result of significant negotiation over the business and legal terms of a transaction.

• Syndicated Loan Fundamentals
  See this overview of the syndicated loan transaction, including its basic structure, common terms and provisions of the loan documentation, benefits and risks faced by syndicated lenders, and the fees generally incurred by borrowers in these transactions.

• Mechanics of Loan Syndication
  Read this practice note describing the advantages of and process for entering into a loan facility with a syndicate of financial institutions.

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

• Market Standards—Finance
• UCC Financing Statements Checklist
• Leveraged Dividends in Recapitalizations Video
• Structuring Issues in Leveraged Acquisitions Video
• Blue Bonds
• Municipal Liquidity Facilities and the “101s” of a Municipal Bond Offering
• Treasury and IRS Finalize Broker Rules for Digital Asset Sales: Client Alert Digest
• Sustainable Finance and ESG Resource Kit
• Credit Ratings Video
• Sustainability-Linked Loans Tracker is a frequently updated tracker identifying and analyzing select new publicly filed sustainability-linked loans.
• Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
• Bank Failure Resource Kit assembles Practical Guidance resources covering topics related to bank failures.
• Review this guidance, AI and Legal Ethics: What Lawyers Need to Know, in the Summer Edition of the Practical Guidance Journal. Explore insights from a judge into the use of GenAI in civil litigation, including discovery issues, use cases, and key takeaways. Also advance your career with professional and business development guidance.
• Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: NFTs, Cannabis, COVID, and more.
• Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content.
• Learn about the 2000+ leading attorney authors contributing to our 26 practice areas in the Practical Guidance Author Center. Interested in becoming a Practical Guidance author? Click here for details. Practical Guidance is committed to amplifying diverse voices of attorneys across all differences, including gender and race.   

PRACTICAL GUIDANCE CUSTOMER EMAIL EDITION ON THE WEB

Experience results today with practical guidance, legal research, and data-driven insights—all in one place.

Experience Lexis+