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We’ve got you covered. Check out this practice note providing an overview of refinancing amendment provisions in publicly filed credit agreements from 2021. Refinancing amendment provisions allow a borrower to refinance all or a portion of its outstanding...

Read this article discussing trends in benchmark succession clauses in recent credit agreements using benchmark rates other than LIBOR. Despite the shift away from LIBOR and the critical importance of benchmark replacement setting clauses, benchmark succession...

Working on a cross-border or international project? Add this practice note to your global project finance toolbox. It provides an overview of political risk insurance, including its historical development, current providers in international markets, standard...

Are you overwhelmed at the idea of drafting a bilateral loan and security agreement? Don’t be! Refer to this template for an up-to-date loan and security agreement, which provides for both revolving and term loans. This template provides drafting...

It’s a New Year! You have new clients calling. You are working with new associates. Make sure everyone is aligned on the basics of financing transactions by reviewing this resource kit. It provides information on all aspects of the financing, from...

Don’t miss out reading this article discussing credit spread adjustments related to the differential in rates between LIBOR and SOFR. While LIBOR and SOFR historically trend together, LIBOR is generally higher than SOFR. Due to the difference in...

Know who your client is lending to! Review this practice note, which discusses third party credit rating agencies and the credit ratings issued by those credit rating agencies. Credit ratings are assessments by the credit rating agencies of an entity’s...

The year is coming to an end and LIBOR is retiring. As you work on new deals in 2022, make sure you are up to speed on replacing LIBOR as the benchmark interest rate in loan documents. Review this resource kit to make sure you understand the impact of...

Your lender client just called you and notified you that its borrower is on the verge of a default under its credit agreement. Review this resource kit to make sure you are up to speed on the types of defaults and standard grace periods to correct a default...

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...