Exposure Draft – Model Credit Agreement Provisions for PCC (“PCC MCAPS”) (June 11 2026)

This form includes select provisions of a New York law-governed credit agreement (eg, tax, yield protection, agency, assignment, defaulting lender, disqualified institution provisions, etc.). It is suitable primarily for leveraged finance transactions. Revisions have been made to incorporate new language in Article 17 (Treatment of Certain Information; Confidentiality). The blackline, against the document dated May 1, 2023 (reposted July 8, 2024), is also attached below (it will open as a zip file where both files are located).

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Tess Virmani

Deputy General Counsel and EVP / Head of Policy

Elizabeth Yazgi

Assistant General Counsel

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