Recent Trends in Unrestricted Subsidiary Provisions

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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Related Content

• Credit Agreement Resource Kit
  Check out this resource kit providing an overview of drafting, reviewing, and negotiating a credit agreement. This resource kit includes Practical Guidance materials, including detailed practice notes.

• Affirmative, Negative, and Financial Covenants
  Read this overview of the types and purposes of covenants found in credit agreements, along with the process by which loan parties are captured, or not, by those covenants.

• Representations and Warranties Clauses (Credit Agreement)
  Use these representations and warranties clauses for a credit agreement in a syndicated loan transaction. The clauses set forth the standard representations and warranties that the loan parties are required to make upon closing and during the life of the loan.

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