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Check out our new video providing an overview of the two main agents in a syndicated credit facility: the administrative agent and the collateral agent. The administrative agent typically has the most significant relationship with the borrower and plays...

Make sure you are up to date on the latest trends in equity cure rights in credit agreements. Equity cure rights permit an investment of cash in the borrower—typically made by a holding company, sponsor, or other shareholder—to allow the borrower...

It’s 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 resources for all provisions...

Review the market trends in bridge loans. This practice note discusses current market trends in publicly filed credit agreements and commitment letters from 2021 and 2022. The data analyzed in this practice note was obtained using Market Standards , which...

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

Review the market trends in competitive bid loan provisions. This practice note discusses current market trends in publicly-filed credit agreements since the last quarter of 2021. The data analyzed in this practice note was obtained using Market Standards...

Representations and warranties are designed to establish an assumed set of facts upon which lenders agree to extend credit to the borrower and, which if true, provide comfort to the lenders that the borrower’s obligations will be repaid by the borrower...

Typically, without express permission, the voluntary prepayment and loan assignment provisions of the credit agreement would prohibit loan buybacks by the borrower or its affiliates. However, borrower demand for this allowance gained traction following...

Review the market trends in commitment letter provisions. This practice note discusses current market trends in publicly filed financing commitment letters from the second half of 2021 and the first half of 2022. The data analyzed in this practice note...

The ARRC recommends using the five-year historical median difference between LIBOR and SOFR (set on March 5, 2021) as the default spread adjustment. However, Practical Guidance’s Market Standards shows that most recent deals have trended away from...

Borrowers often request waivers and/or consents when circumstances have changed in a more temporary way than would warrant an amendment to the credit agreement. Watch this video covering the common types of consent and waiver requests made by borrowers...

Review this practice note discussing benchmark rate floor provisions, including current market trends in publicly filed credit agreements and commitment letters through August 31, 2022. Lenders tended to increase interest rate floor percentages in 2020...

Watch this video providing an overview of letters of credit in financing transactions. Borrowers routinely make use of letters of credit in their operations, and the capacity to apply for these instruments may be incorporated into a sub-facility of a...

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...

Looking to properly secure your client’s security interests in collateral? Doing so will make sure your client is properly perfected. Review this resource kit providing an overview of the creation, perfection, and priority of security interests...

Project finance transactions are complex. They involve financing large-scale projects based on revenue to be generated by the future operation of a project, rather than the underlying value of the project or the credit of the developer of the project...

Follow 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 since...

This short video provides an overview of promissory notes and the terms that should be included in to make them enforceable and complete. Watch Now » Related Content Promissory Notes (Construction Loan) Read this practice note providing...

FATCA represents an effort by the United States to tackle perceived tax evasion by U.S. citizens that hide their investments in accounts in financial institutions based outside the United States. Review this practice note on FATCA so you can counsel your...

Watch this video, which provides attorneys with best practices to understand a loan transaction, including the documents and parties involved in any given transaction. Watch now » Related Content Credit Agreement Resource Kit Check out this...

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

Check out our foreign benchmark rate loans tracker that identifies select new publicly-filed loans with interest rates based on foreign benchmark interest rates. The data analyzed in this tracker was obtained using Market Standards , which contains over...

Make sure you are up to date on the latest trends in credit agreements for public utilities. This practice note discusses current market trends in publicly filed credit agreements for public utilities from the second half of 2021 and the first half of...

Check out our credit spread adjustment tracker that identifies certain key benchmark rate terms in new publicly filed loans, including credit spread adjustments for SOFR loans. This new tracker is based on publicly filed credit agreements available on...

Get all the guidance, templates, and clauses you need for cross-border loan financings. 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...