Read this new practice note discussing blue bonds. Blue bonds are any type of bond instrument where the proceeds are exclusively applied to finance or re-finance, in part or in full, new and/or existing blue projects that promote sustainable use of maritime resources...
Watch this new video discussing certain structuring issues in the context of acquisition financings, including collateral security, intercreditor, and bankruptcy issues. While these issues are not unique to acquisition financings, there are certain aspects that...
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...
Check out our new payment-in-kind (PIK) clauses for use in a syndicated or bilateral credit agreement. PIK refers to a loan where the borrower is allowed to make interest payments in forms other than cash. PIK financing is commonly found in leveraged buyout transactions...
Check out this new resource kit providing an overview of sustainable finance and environmental, social, and governance (ESG) reporting, disclosure, and regulatory issues. This resource kit includes Practical Guidance content on these issues, including detailed...
Watch this new video explaining credit rating agencies, which provide an objective and analytical opinion on the risk of payment defaults by looking at various factors that help investors decide whether to invest in loans or securities. Read now » Related...
Make sure you are up to date on the latest trends in asset-based lending in the U.S. loan market. Asset-based loans (sometimes referred to as ABLs) are used by a wide variety of businesses, both in terms of size and credit quality, and may also be used for many...
Read this practice note by Michelle L. Iodice, Proskauer Rose LLP, outlining the evolution of the private credit and unitranche markets. This note provides a comprehensive overview of the unitranche financing structure and recent market trends. It includes an in...
Watch this new video providing an overview of second lien debt, an increasingly preferred form of junior financing as compared with unsecured debt, subordinated mezzanine debt, or unsecured high yield debt. Read now » Related Content Finance Fundamentals...
Watch this new video providing an overview of second lien debt, which is an increasingly preferred form of junior financing, as compared with unsecured debt, subordinated mezzanine debt, or unsecured high yield debt. Watch now » Related Content Credit...
Anti-hoarding provisions limit a borrower’s ability to stockpile cash under its revolving line of credit to shore up liquidity in the event of an economic downturn in the oil and gas market. While the use of these provisions has declined in recent years,...
Check out this new practice note discussing recent market trends in reserve-based loans (RBLs) in the oil and gas industry. The data analyzed in this practice note was obtained using Market Standards , Practical Guidance’s searchable database of publicly...
Interested in learning about recent trends in telecommunication financing? Read this new practice note discussing trends in notable provisions in publicly-filed credit agreements for companies operating in the telecommunications industry, including industry-specific...
Watch this new video discussing factoring, which is a type of financing transaction where accounts receivable (sometimes referred to as accounts or receivables) are sold by the company that originates the accounts to a third party for cash. This allows the company...