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 legalsolutions.com/practical-law.

Level 1

LSTA University Level 1
  • Practical Law - Unitranche Loan Financing

    This note discusses unitranche loans, describes their characteristics and uses and considers the principle advantages for a borrower of this type of financing. It includes example Agreements Among Lenders.

  • Practical Law - Covenant-Lite Loans: Overview

    This Note explains the typical features of covenant-lite loans and examines the benefits and drawbacks of covenant-lite loans for borrowers and lenders.

  • Practical Law - Commitment Letters Overview: Lending

    An introduction to commitment letters issued by lenders to borrowers, including the terms contained in commitment letters on which the lenders are prepared to undertake to arrange the financing and make loans.

  • 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.

Level 2

LSTA University Level 2

Level 3

LSTA University Level 3

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Credit Metrics: Better & More Aggressive

By Meredith Coffey. It’s the old good news/bad news story. On the good news side, the credit outlook for leveraged loans has improved dramatically as…

(Term) SOFR First?

By Meredith Coffey. Last week might have been a pivotal one for LIBOR transition. On Tuesday, collective announcements by the CFTC and the ARRC indicated…