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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.
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.
Practical Law - Security Interests: Fund Finance
A discussion of capital calls, capital commitments, capital contributions, portfolio investments and the methods of perfection of a security interest in them under the Uniform Commercial Code (UCC). This Practice Note also examines some of the issues that arise for fund finance lending transactions. Written by Pamela J. Martinson and Annie C. Wallis, Partners at Sidley Austin LLP.
Labelling of ESG Funds: The US, UK and EU Approaches *New*
This article discusses proposals in the US, UK and EU focused on how ESG and sustainable investment funds should be labelled and described.
Practical Law - What’s Market: 2022 Year-End Trends in Large Cap and Middle Market Loan Terms
A review of trends in large cap and middle market loan terms in 2022.