Trends in Borrower and Affiliate Loan Buybacks

Review this new practice note providing an overview of loan buyback provisions and discussing current market trends in publicly filed credit agreements from 2023–2024. Loan buyback provisions allow a borrower and/or its affiliates to repurchase outstanding term loans at a discount on a non-pro rata basis through various methods.

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Related Content

• Finance Fundamentals Resource Kit
  Check out this resource kit providing an overview of a financing transaction. This broad index encompasses all aspects of the financing, from the negotiation of commitment papers to the documentation of the loan documents to closing and post-closing mechanics.

• Loan Buyback Provisions in Credit Agreements
  Read this practice note discussing loan buyback provisions in credit agreements. Many borrowers and equity sponsors with excess cash on hand may wish to buy up or buy back some of the borrowers’ own debt trading at below par prices.

• Borrower and Sponsor Loan Buybacks Clauses (Credit Agreement)
  Use these standard borrower and sponsor loan buyback clauses in the assignments and participations section of a credit agreement in a syndicated loan transaction.

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