Acquisition finance

This Practice Note compares key terms of the Loan Market Association (LMA) intercreditor agreement for leveraged acquisition finance transactions...

On an acquisition finance transaction, the borrowing group, in addition to the debt (whether loans or bonds) required to fund the transaction, will typically need other...

This Practice Note provides an introductory guide to typical provisions found in a straight forward acquisition finance facilities agreement. It provides an overview of...

This Practice Note is intended as an introductory guide to acquisition finance for those with no, or limited knowledge of the area. It explains: • what acquisition...

This Practice Note provides a basic introduction to the key parties and documents involved in an acquisition finance transaction together with links for more detailed...

Most facility agreements require the borrower(s) to prepay all or part of the facility on the occurrence of certain events, known as mandatory prepayment events. For a...

This Practice Note covers the typical characteristics of the mezzanine facility and explains the key changes needed to turn a senior facilities agreement into a mezzanine...

This Practice Note discusses: • the purpose of and typical representations in a leveraged senior facilities agreement (SFA) and how these differ from those in an...

What is second lien financing? Second lien financing is a form of financing that is principally secured on a second ranking basis by the same security package as senior...

This Practice Note is intended as an introduction to facilities typically contained in a leveraged senior facilities agreement (SFA) and covers: • the main...

Reasons for amending security documents and key risks Reasons for amending a security document There are situations where parties may consider amending security...

What are high yield bonds? Bonds are capital markets instruments representing a form of debt security. For more information on capital markets and bond issues, see...

General duty of liquidators and administrators where there has been an unlawful transaction If, during the course of a liquidator's or administrator's investigations into...

Bankruptcy searches at the Land Charges Department When a bankruptcy petition is presented by a creditor, the court shall as soon as reasonably practicable send to the...

What are they? A bridge to bond facility is a type of acquisition financing where the buyer requires the certainty of a fully committed financing package, but which is...

The table below summarises the conditions precedent typically requested by senior lenders on an acquisition finance transaction, together with the party responsible for...