The LSTA has published the new Form of Incremental Facility Amendment. Incremental facilities may take the form of tranches of an existing facility (typically referred to under the credit agreement as an "accordion" or "increase") or tranches of an entirely new facility (typically referred to under the credit agreement as a "new incremental tranche" or
This form contemplates the creation of a new tranche of loans or an increase in an existing tranche. It sets out the conditions precedent to the funding of the new loans and is executed by the borrower, administrative agent, guarantors, and lenders that will provide the new loans....
