Read this practice note discussing factoring transactions, the parties involved, and the reasons for factoring. This practice note specifically discusses the distinguishing features of advance and discount factoring agreements and details the typical structure...
Ever wondered what the real difference is between syndicated lending and private credit? This quick guide breaks it down for you. Syndicated loans usually involve a group of lenders working together through public markets, while private credit is more of a one...
When a client asks whether entering into a joint venture is allowed under its current credit facility, it’s important to assess potential restrictions in the credit agreement. These agreements often limit a borrower’s ability to acquire, form, or participate...
Unlock the potential of the oil and gas industry with our comprehensive Oil & Gas Lending Resource Kit. This resource kit includes links to detailed practice notes, templates, videos, and checklists to guide legal professionals through the complexities of oil...
Review this new market trend practice note for an overview of covenant-lite loans in today’s market. The note discusses recent market trends in publicly filed covenant-lite credit agreements since the second half of 2024. The term covenant-lite broadly refers...
Check out this practice note discussing subscription facilities. A subscription facility is a line of credit to an investment fund typically secured by the fund’s right to issue capital calls to investors. The fund then repays these loans with the capital...
Read this practice note providing an overview of reserve-based loans (RBLs) in the oil and gas (O&G) industry. RBLs are a type of asset-based loan commonly used in the upstream O&G industry, especially among non-investment grade companies. This practice...
Need to stay updated on amend and extend provisions in credit agreements? Check out this Market Trends practice note for insights from publicly filed agreements from the second half of 2024 and the first quarter of 2025. The data analyzed in this practice note...
Preparing to close a deal? Ensure all deliverables are ready, including ancillary documents like the perfection certificate, closing checklist, closing certificates, resolutions, schedules, legal opinions, and closing memorandum. Read this practice note discussing...
Review this practice note providing a step-by-step guide for determining if a borrower or other loan party may make an acquisition under an existing credit agreement—whether it involves acquiring equity interests, a new subsidiary, a business unit, or a hard...
Early on in a loan transaction, the parties should discuss and agree on the expected content of the schedules to the credit agreement. This practice note describes how to prepare, review, and update the schedules appended to a credit agreement, focusing on the...
Read this practice note discussing how a borrower may exercise its additional permitted debt capacity under a credit agreement. This practice note also looks at market trends in most favored nation (MFN) clauses in publicly file credit agreements through 2024....
Discover the latest trends in refinancing amendments that are reshaping credit agreements. Our in-depth analysis highlights key changes and their implications for your practice. The data analyzed in this practice note was obtained using Market Standards , Practical...
Check out this practice note discussing the “waterfall” of an intercreditor agreement. A waterfall refers to the order of application of funds or proceeds and is a repayment mechanism by which funds from a loan are paid out in an enforcement scenario...
Unlock the complexities of cross-border financing. This resource kit provides an overview of these international deals encompassing a variety of structures, including loans to non-U.S. borrowers and guarantees or security interests granted by non-U.S. loan parties...