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By: The Practical Guidance Finance Team The UK Financial Conduct Authority (FCA) has formally set the dates by which panel banks will no longer report on tenors of the London Interbank Offered Rate (LIBOR). These are the final dates the FCA will regulate...

By: Steven J. Dickinson, Robert K. Magovern, and James F. Van Orden , Cozen O’Connor The omnibus budget act signed by President Trump on December 27 reinstituted the Paycheck Protection Program (PPP), with significant changes. The act allows new...

2021 is coming to a close! As we move towards 2022, make sure you are on track for closing all of those deals. Review this practice note for an overview of the closing and post-closing process, including the individual documents and deliverables due at...

Review this market trend practice note for an overview of covenant-lite loans in today’s market. This practice note discusses recent market trends in publicly filed covenant-lite credit agreements since the last quarter of 2020. The term covenant...

Are you prepared for the transition of LIBOR? Watch this video to understand the change to LIBOR in credit agreements. This video showcases the background and provides an overview of replacing LIBOR as the benchmark interest rate in loan documents. ...

Learn something new about guaranties! This resource kit provides an overview of guaranties, including information on formation of guaranties, types of guaranties and enforceability issues. READ NOW » Related Content Enforceability and Types...

Stay abreast of developments in the asset-based lending (ABL) market by reviewing this practice note, which provides an overview of asset-based lending in the U.S. loan market and discusses current market trends in publicly filed asset-based loan agreements...

Once your deal closes, it is time to relax. Until then, best practices dictate preparing a checklist of outstanding items that must be completed on a post-closing basis. This checklist will keep you on track to make sure you satisfy all post-closing matters...

It is always good to remember the basics. Review this resource kit for a fresh primer on drafting, reviewing, and negotiating a credit agreement. This resource kit is your one-stop shop for quickly accessing practical guidance for all provisions in a...

Watch this short video to decode the fear in understanding cryptocurrency. This video provides an introduction to cryptocurrency and discusses the regulation of (or trying to regulate) cryptocurrency. WATCH NOW » Related Content Blockchain...

Make sure you are doing your best for your client when you start to negotiate your deals. This practice note discusses an overview of documentation principles and provides an analysis of market trends in certain publicly filed commitment letters from...

Make sure you are up to date on the latest trends in equity cure rights in credit agreements. This practice note discusses current market trends in publicly filed credit agreements from the second half of 2020 and first half of 2021. Equity cure rights...

Are you working on middle market loans? Check out the trends in the middle market for 2020 and the first half of 2021. This trend note illustrates the impacts the COVID-19 pandemic has had on the loan market, the market’s reaction to the scheduled...

Following the famous Citibank decision, the loan market started including erroneous payment clauses in credit agreements. Such provisions require lenders to return payments paid to them in error by the administrative agent. See trending erroneous provisions...

Are you getting ready to close a deal? If so, make sure you are on top of all of your deliverables, including all of the ancillary documents that are prepared and delivered in connection with the deal, such as the perfection certificate, closing checklist...

Stay up to date with this practice note that describes how credit agreements and commitment letters have addressed the possibility of European lending institutions becoming subject to “bail-in” powers of European bank regulators, including...

Are you working with borrowers to draft a credit agreement? Use this easy-to-follow checklist of items that you should consider in preparing for a borrower to comply with requirements in a loan transaction. READ NOW » Related Content Affirmative...

Do you know why FATCA was enacted and how it impacts your transactions? Review this primer on FATCA so you can counsel your clients on those offshore accounts! READ NOW » Related Content FATCA Tax Credits and Excluded Obligations Review...

Stay up to date on London Interbank Offered Rate (LIBOR) floor provisions. Review this practice note to find out what the current market trends are for LIBOR floors in publicly filed credit agreements and commitment letters from the second half of 2020...

International transactions present their own unique legal considerations. The international element can take many different forms, including loans to a non-U.S. borrower and guarantees or security interests granted by non-U.S. loan parties. Get up to...

Are you working with a borrower that is subject to securities laws and regulations? Be sure to protect any confidential information you may come across as you negotiate your transaction. Learn how to comply with Regulation FD and the actions you must...

Have you been retained by a lender to respond to a borrower’s request for a waiver or forbearance agreement? Before negotiating with borrower’s counsel, you should first consider the conditions that are often negotiated or agreed upon in such...

Before negotiating with counsel when drafting an intercreditor agreement, make sure you are up to speed on the respective rights, liabilities, and obligations of multiple creditors with respect to each other, the borrower, and the collateral. READ NOW...

Do you need to know the latest and greatest on amend and extend provisions in credit agreements? Review this Market Trends practice note to gain insights on current market trends in amend and extend provisions found in publicly filed credit agreements...

Check out this new data-driven tool to understand how similarly borrowers and lenders have addressed particular legal issues and negotiated terms of a credit agreement or a commitment letter. See what language the borrower’s or lender’s counsel...