Intercreditor

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Precedents
[To be printed on the headed paper of the lender][insert date]To:[insert name and address of borrower]Dear [insert full name of borrower]1We refer to...
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19th May
Practice notes
European PIK loan facilitiesThis Practice Note provides information on European PIK loan facilities (PIK facilities). It discusses:•the key features...
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Produced in partnership with Susan Whitehead, Consultant at Hogan Lovells and Penny Angell, Partner at Hogan Lovells 19th May
Practice notes
Introduction to fund finance—capital call facilitiesThis Practice Note discusses:•what is meant by capital call facilities, NAV, or asset backed...
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Produced in partnership with Leon Stephenson of Reed Smith 19th May
Practice notes
Increased costsThis Practice Note considers the costs that a lender will incur when providing funding to a borrower and the steps that it will take...
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19th May
Practice notes
Perfecting securityIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into...
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19th May
Practice notes
Synthetic securitisationsWhat is a securitisation?Securitisation is a technique used to finance the ownership or sale of types of assets that would...
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19th May
Practice notes
Bilateral, syndicated and club arrangementsOne of the features used to categorise loans is the number of lenders involved. A loan involving one lender...
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19th May
Practice notes
Pre-export finance—key terms in the facility agreementPre-export finance (PXF) is an established structure used to provide finance to producers of...
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Produced in partnership with Dentons 19th May
Practice notes
Derivatives—ISDA documentation frameworkThe International Swaps and Derivatives Association, Inc. (ISDA) is an association for participants in the...
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19th May
Practice notes
The facility agentThis Practice Note covers the duties and role of the facility agent (defined in the Loan Market Association (LMA) documentation as...
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19th May
Precedents
This Deed of guarantee and indemnity is made on [insert day and month] 20[insert year]Parties1[Insert name of Guarantor], a company incorporated in...
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19th May
Practice notes
Transferring a loan by equitable assignmentAssignment is a means by which a lender can transfer its interest in a loan to another lender.For an...
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19th May
Precedents
[TO BE PRINTED ON THE HEADED PAPER OF THE LENDER][insert name and address of borrower][insert date]Dear [insert full name of borrower]We offer to...
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19th May
Practice notes
Loan Market Association (LMA)—news on documentation [Archived]This Practice Note is an archive of news from the Loan Market Association (LMA) on LMA...
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19th May
Practice notes
Crystallisation of floating chargesThe key feature of a floating charge is that, until it crystallises, the chargor is entitled to deal with the...
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19th May
Precedents
[To be printed on the headed paper of the lender][insert date]To:[insert name and address of borrower]Dear [insert name of borrower],We are pleased to...
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19th May

Most recent Intercreditor content

Practice notes
Senior/mezzanine creditor intercreditor issues—document amendments and payment controlsThis Practice Note discusses two types of provisions that are...
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Produced in partnership with Hogan Lovells International LLP 30th Jul
Practice notes
Restructuring an acquisition finance dealBREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation...
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Produced in partnership with Neil Caddy and Nicholas Sullivan of Fried, Frank, Harris, Shriver & Jacobson (London) LLP 30th Jul
Practice notes
Senior/mezzanine creditor intercreditor issues—introductionLeveraged finance transactions are often funded from a number of different sources. Equity...
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Produced in partnership with Hogan Lovells International LLP 30th Jul
Practice notes
Drafting and negotiating intercreditor arrangements in loan transactionsPartiesIntercreditor arrangements will typically involve at least two types of...
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30th Jul
Practice notes
Senior/mezzanine creditor intercreditor issues—enforcementEnforcement is an important area regulated by the intercreditor agreement. This note...
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Produced in partnership with Hogan Lovells 30th Jul
Practice notes
Acquisition finance—intercreditor agreement—key provisions Purpose of an intercreditor agreementWhy have an intercreditor agreement?The key purpose of...
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30th Jul
Practice notes
Intercreditor rights comparison table: super senior revolving facility and senior secured notesThis table is a high level summary of common negotiated...
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Produced in partnership with Neil Grant 30th Jul
Practice notes
Contractual priority—varying the basic rules on prioritiesCompeting security interests arise when more than one creditor has taken security over the...
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30th Jul
Practice notes
Senior loans, mezzanine loans and intercreditor arrangements in real estate financeIntercreditor agreements are complicated and detailed arrangements...
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Produced in partnership with K&L Gates 30th Jul

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