United States: Acquisition Finance/LBOs/MBOs

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Finance law and banking law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics such as capital adequacy, BASEL, acquisition finance, debt capital markets, fund finance, islamic finance, securitization and structured finance.
Article
Kalish Mullen: "When It Comes To LBO Financing, Managers Must Leave Nothing To Chance"
Partner Kalish Mullen discusses the current LBO financing market landscape, highlighting how strong market liquidity is creating opportunities for quality borrowers to negotiate better terms. He provides strategic guidance on key considerations for management teams navigating financing agreements in an environment of elevated borrowing costs and economic uncertainty.
United States Finance
SR
McDermott Will & Schulte
Article
Between The Hedges: A High-level Comparison Of Rights, Roles, And Market Practice For Hedge Providers In U.S. Leveraged And Project Finance Transactions
How do U.S. leveraged finance and project finance transactions differ in their treatment of hedging counterparties within senior secured credit structures? This analysis examines the documentation architecture, eligibility frameworks, governance mechanics, waterfall priorities, and enforcement coordination that distinguish these two markets' approaches to integrating hedges into collateral packages.
United States Finance
AO
A&O Shearman
Article
Sponsor’s Guide To Hedging: Practical Steps And Considerations
Sponsors and corporates face an increasingly complex legal and regulatory landscape when implementing hedging strategies in debt financings. This comprehensive guide examines the critical coordination required between treasury, legal teams, financial advisors and hedge providers to navigate ISDA documentation, regulatory compliance under EMIR and Dodd-Frank, and deal-contingent structures.
United States Finance
ML
Milbank LLP
Article
Understanding The Mechanics Of An Unitranche Lending Structure
In leveraged and asset-based lending, the unitranche structure offers a sophisticated approach to allocating risk and return among lenders within a single credit facility. How do first out and last out arrangements work in practice, and what critical provisions should lenders negotiate to protect their interests? This analysis examines the mechanics, economic features, and key considerations that inform participation decisions in these increasingly popular financing structures.
United States Finance
MB
Mayer Brown
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