The definitive information for navigating right now’s credit score agreements
Today’s syndicated mortgage market and underlying credit score agreements are much more advanced than ever. Since the worldwide monetary disaster, the artwork of company mortgage syndications, mortgage buying and selling, and investing on this asset class have modified dramatically. Lenders are extra various, debtors extra demanding, and rules extra stringent. Consequently, the credit score settlement has advanced, incorporating many new provisions and a bunch of revisions to current ones.
The LSTA’s Complete Credit Agreement Guide brings you on top of things on right now’s credit score agreements and helps you navigate these advanced devices. This complete information has been absolutely up to date to handle seven years of main change―which has all however remodeled the mortgage market as we knew it. It supplies every thing you’ll want to handle these new developments, together with what to search for in massive sponsor-driven offers, the rise of “covenant lite” agreements for company debtors searching for fewer covenant restrictions, Yankee Loans, different merchandise ensuing from globalization, and different product developments pushed by the diversification of the investor class.
You’ll profit from the authors’ in-depth protection of all of the nuances of right now’s credit score agreements, in addition to their recommendations on how one can defend your mortgage, handle defaults, and navigate cross-border offers. This dependable information covers:
o Commitments, Loans, and Letters of Credit
o Interest and Fees
o Amortization and Maturity
o Conditions Precedent
o Guarantees and Security
o Defaults and Enforcement
o Interlender, Voting, and Agency points
o Defaulting Lenders
o Assignments, Participations, and Disqualified Lender ListsBorrower Rights
o Regulatory Developments
Structuring and managing credit score agreements has at all times been a troublesome course of – however now it’s extra sophisticated than ever. Whether you’re employed for an organization that borrows cash within the syndicated mortgage market or for a financial institution, a hedge fund, pension fund, insurance coverage firm, or different monetary establishment, the LSTA’s Complete Credit Agreement Guide places you forward of the curve of right now’s credit score panorama.