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Recent Trends in Unrestricted Subsidiary Provisions

April 23, 2024 (2 min read)

Read this new practice note providing an overview of unrestricted subsidiary provision trends. Unrestricted subsidiaries typically are designated by the borrower and excluded as subsidiaries for purposes of covenant compliance in the credit agreement. The data analyzed in this practice note was obtained using Market Standards, the searchable database from Practical Guidance of publicly-filed credit agreements and commitment letters.

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