The LSTA's Complete Credit Agreement Guide
Jerome McCluskey is a partner in Milbank, Tweed, Hadley & McCloy's New York office and a member of the firm's Leveraged Finance Group. Michael Bellucci is a partner in Milbank, Tweed, Hadley & McCloy's New York office and a member of the firm's Leveraged Finance Group.
The syndicated loan market and underlying credit agreements are significantly more complex today than ever before. The art of corporate loan syndications, loan trading, and investing in this asset class has altered substantially since the global financial crisis. Lenders are becoming more varied, borrowers are becoming more demanding, and rules are becoming more strict. As a result, the credit agreement has evolved, with many new terms and several adjustments to existing ones.
The LSTA's Complete Credit Agreement Guide educates you on today's credit agreements and assists you in navigating these complex instruments. This comprehensive handbook has been completely updated to reflect seven years of significant upheaval that has all but altered the credit sector as we know it. It covers everything you need to know about these new developments, such as what to look for in large sponsor-driven deals, the rise of "covenant lite" agreements for corporate borrowers looking for fewer covenant restrictions, Yankee Loans, other products resulting from globalization, and other product developments driven by investor diversification.
You'll benefit from the authors' comprehensive examination of today's credit agreements, as well as their advice on how to safeguard your loan, manage defaults, and handle cross-border transactions. This trustworthy manual includes:
- Commitments, Loans, and Letters of Credit
- Interest and Fees
- Amortization and Maturity
- Conditions Precedent
- Representations
- Covenants
- Guarantees and Security
- Defaults and Enforcement
- Interlender, Voting, and Agency issues
- Defaulting Lenders
- Assignments, Participations, and Disqualified Lender ListsBorrower Rights
- Regulatory Developments
Credit agreement structuring and management has always been a challenging procedure, but it is now more intricate than ever. Whether you work for a syndicated lending company, a bank, a hedge fund, a pension fund, an insurance company, or another financial institution, the LSTA's Complete Credit Agreement Guide keeps you ahead of the curve in today's credit landscape.
Author: Jerome McCluskey and Michael Bellucci
Link to buy: https://www.amazon.com/LSTAs-Complete-Credit-Agreement-Second/dp/1259644863/
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