This Practice Note explains what bridge to bond facilities are and how a bridging loan can be used as an interim facility in an acquisition finance transaction until high yield bonds are issued as more permanent financing. It explains the mechanics of these facilities, their key documents and terms and typical deal structures. It also provides practical guidance for negotiating these facilities and looks at the differences between US and European practice.
This cross border Banking & Finance guide provides a summary of the key issues for lenders providing commercial loan facilities in Russia including loan markets and recent developments, lending, security and guarantees, enforcement, intercreditor issues and governing law and disputes
This Practice Note examines portability provisions in high yield bond documentation; these provisions allow bonds to travel with the issuer following a change of control if certain conditions are met, rather than the issuer being required to make an offer to purchase the bonds
This Practice Note discusses Term Loan B (or TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged financings. TLBs are an established feature in the US market and increasingly used in the European lending market for institutional investors. It explores the structure of a typical TLB facility, how it differs from traditional leveraged loans in Europe, its key features and recent trends.
If you expected to see yourself on this page, click here.
0330 161 1234