This Practice Note looks at accordion, or incremental debt features in facilities agreements. It discusses what they are, how they are used in deal structures, recent trends and key features including yield caps, most favoured nation clauses and their effect on existing security.
This Practice Note describes the typical corporate and funding structure of a leveraged buy-out and explains: (i) typical features of a buy-out, (ii) factors influencing structure (tax considerations, security and enforcement issues, legal issues, source of funds), and (iii) some typical buy-out structures and an overview of their key features
If you expected to see yourself on this page, click here.
0330 161 1234