Practical Law

Practical Law provides legal know-how that gives lawyers a better starting point. Our expert team of attorney editors creates and maintains thousands of up-to-date, practical resources across all major practice areas. We go beyond primary law and traditional legal research to give you the resources needed to answer your “how do I” questions and proceed with confidence. If you are not currently a subscriber, we invite you to take a trial of our online services at

Level 1

LSTA University Level 1
  • Current Trends in Incremental Facilities

    This Article examines incremental facilities in recently filed credit agreements contained in Practical Law What’s Market. The analysis focuses on the permitted amount of incremental debt and MFN protection.

  • Practical Law - Acquisition Finance Overview

    A Practice Note providing an overview of financing an acquisition by debt using a loan from a bank or other financial institution. This Note also gives a description of the methods of acquiring a business through an asset acquisition, stock acquisition, or merger.

  • Practical Law – Practice Point: Crypto Finance

    A primer on the basics of lending and borrowing in the cryptocurrency markets.

Level 2

LSTA University Level 2
  • What's Market: LIBOR Transition Amendments *New*

    A discussion on LIBOR transition amendments to credit agreement as loan parties continue to move away from LIBOR-based loans.  This Note is to be updated quarterly.

  • Practical Law - Intercreditor Agreement Between First and Second Lien Lenders: Overview

    A Note describing the issues that separate groups of first and second lien lenders must typically address where their loans are secured by shared collateral, and describing the principal characteristics of the intercreditor agreement in which these matters are documented.

  • Practical Law - Developments in Unitranche Financing

    The increasing use of and higher amounts available to be borrowed under unitranche financings, both domestically and abroad, have bolstered the opportunities for middle market loan participants to obtain financing from non-traditional bank lenders in amounts that previously were reserved for traditional syndicated financings. However, lenders should become familiar with and evaluate the legal issues and potential bankruptcy risks unique to unitranche structures before entering into a unitranche financing. Written by Geoffrey R. Peck, Leonela Vaccaro Padron and Gabriella Fortun all from Morrison & Foerster LLP.

Level 3

LSTA University Level 3

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LIBOR: The Last 30 Days

The last 30 days of LIBOR! Tess Virmani shares how the LSTA is looking at it.