An Expert Q&A with Jennifer Daly of Paul Hastings, LLP offering a thoughtful perspective for both borrowers and lenders in today’s private credit market.
This document is primarily based on pari passu intercreditor forms that are commonly used in the market today.
Earlier this month, the LSTA and the American Bar Association jointly published a Form of First Lien / Second Lien Intercreditor Agreement (the “Form”). This Form is the result of the collaboration of the LSTA’s Primary Market Committee and the ABA’s Business Law Section’s Commercial Finance Committee (ComFin Committee). The ComFin Committee tackled the enormous...
The First Lien/Second Lien Intercreditor Agreement results from the collaboration of the LSTA’s Primary Market Committee and the American Bar Association’s Business Law Section’s Commercial Finance Committee (ComFin Committee).

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