The widespread reach of the Covid-19 outbreak has negatively impacted many industries and hit global financial markets, including the US loan market. Borrowers and lenders should take this opportunity to familiarize themselves with certain provisions of their credit agreements. Our panel discussed the following issues that may arise under credit agreements:

  • Drawdowns under a revolving credit facility
  • MAC provisions
  • Relevant representations and potential penalty for breaches
  • Financial covenants and related definitions
  • Notice requirements


Wednesday, March 25, 2020
4PM to 5:15PM (ET)|Webcast Only
Presentation & Replay|Now Available|Scroll down
1.5 CLE Credit Hour|Available for New York State Transitional and Non-Transitional – Areas of Professional Practice.


  • Michael Chernick, Shearman & Sterling
  • Justin Forlenza, Covenant Review
  • Bridget Marsh, LSTA
  • Joshua Thompson, Shearman & Sterling
  • Tess Virmani, LSTA
CLEwebcast_EmailBanner (October 2019)

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