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...
The Dodd-Frank Act mandates that large banking organizations and certain other firms periodically submit a resolution plan (living will) describing the strategy for resolving the company in a rapid and orderly manner in the event of material distress or failure...
This new practice note discusses recent market trends in publicly filed covenant-lite credit agreements. The data analyzed in this practice note was obtained using Market Standards , Practical Guidance’s searchable database of publicly filed credit agreements...
Watch this new video describing the key characteristics of floor plan financing, where the floor plan lender provides the dealer with a revolving line of credit under which the lender makes advances against specific items of inventory. Watch now » Related...
Read this new practice note by attorneys at Dechert LLP discussing the latest trends in collateralized fund obligation transactions (CFOs). CFOs have attracted increased interest in the past few years as a method for financing equity interests in private funds...
Check out our Finance Fundamentals Resource Kit today! This resource kit provides an overview of a financing transaction from the negotiation of commitment papers to the documentation of the loan documents to closing and post-closing mechanics. Read now »...
Equity cure rights permit a holding company, sponsor, or other shareholder to make an investment in the borrower, thereby providing cash proceeds that allow the borrower to comply with financial maintenance covenants in the credit agreement and preventing or repairing...
Check out this new practice note providing an overview of recent trends in most favored nation (MFN) clauses in publicly-filed credit agreements through Q1 2024. The data analyzed in this practice note was obtained using Market Standards , the searchable database...