Pages from Covenant Review - Coronavirus Outbreak and MAC Clauses - Post-Closing Lender Funding Obligations Under U.S. Credit Agreements (1)

The coronavirus (COVID-19) (“Coronavirus” or “COVID-19”) pandemic has driven lenders to take a closer look at their portfolios; credits in the entertainment, events, travel, and tourism industries remain a focus. But given overall market volatility and potential for a recession, the economic fallout of the coronavirus (COVID-19) pandemic appears to be spreading to other business sectors as well.


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LSTA Newsletter: September 18, 2020

This week in review: Tess Virmani announces (and recaps) the LSTA’s new Simple SOFR Concept Credit Agreement, Meredith Coffey reviews the ARRC’s progress on Term…

Simple SOFR is Even Simpler

This summer has seen a number of tools added to the LIBOR transition toolbox, such as the Updated ARRC Hardwired Fallback Language (“Hardwired Fallback Language”)…