Acquisition finance—intercreditor issues

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Acquisition finance—intercreditor issues guidance:

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

Practice Note

Any transaction that involves more than one class of creditor will typically need an intercreditor agreement to be put in place. The arrival of different kinds of...

Practice Note

This Deed is made [insert day and month] 20[insert year] Parties 1 [insert name of Senior Lender] of [insert address] (the Senior Lender); 2 [insert name of Junior...

Precedents

Registration can have an important effect on the priority of competing security interests. Broadly speaking, there are two systems for registration of security interests:...

Practice Note

Registration can have an important effect on the priority of competing security interests. Broadly speaking, there are two different systems for registration of security...

Practice Note

This Practice Note provides an introduction to intercreditor agreements and their key provisions. This Practice Note: • explains the purpose of having an intercreditor...

Practice Note

Background The aim of the intercreditor agreement is to try and deal with potential conflicts which will inevitably arise between the different classes of secured lender...

Practice Note

This Deed is made [insert day and month] 20[insert year] Parties 1 [insert name of party] of [insert address] (the Senior Lender); 2 [Insert name of party] of [insert...

Precedents

Produced by Susan Whitehead of Hogan Lovells The European leveraged finance loans market prides itself on innovation and its ability to adapt quickly and develop products...

Practice Note

This table is a high level summary of common negotiated outcomes across a range of intercreditor issues affecting the relationship between the lenders under a super...

Practice Note

This table: • is a high level summary of common negotiated outcomes across a range of intercreditor issues. It highlights key matters where junior creditors rights...

Practice Note

Development of the Loan Market Association (LMA) documentation The project to develop the LMA investment grade documents began in 1998 as a response to demand in the...

Practice Note

In addition to ensuring its security has been validity created and perfected, a secured party will want to ensure its security ranks as it expects against any other...

Practice Note

This Practice Note sets out examples of how the rules on priority could work in practice with reference to the relevant priority rules under English law. It complements...

Practice Note

This Practice Note discusses two types of provisions that are frequently included in intercreditor agreements that involve both senior and mezzanine lenders: • controls...

Practice Note

Enforcement is an important area regulated by the intercreditor agreement. This note discusses: • the situations in which mezzanine lenders typically can and cannot take...

Practice Note

Leveraged finance transactions are often funded from a number of different sources. Equity and senior debt are typically used, and in circumstances where an additional...

Practice Note

Subordination is a way of changing the priority of claims against a debtor so that one creditor or group of creditors (the junior creditor(s)) agree that their debt will...

Practice Note

This Deed is made [insert day and month] 20[insert year] Parties 1 [insert name of party] of [insert address] (the Senior Lender); 2 [Insert name of party] of [insert...

Precedents

Subordination is a way of changing the priority of claims against a debtor so that one creditor or group of creditors (the junior creditor(s)) agree that their debt will...

Practice Note

Introduction In a syndicated loan transaction, the security agent (sometimes also known as the security trustee) (the Security Agent) will hold the transaction security...

Practice Note