Welcome to the July 2020 edition of In the Know, Baker McKenzie's Leveraged Finance newsletter that takes a look at global market trends in various jurisdictions and areas of law relating to leveraged finance and high yield.

In this two-part series, Baker McKenzie's leveraged finance teams in London and New York consider firstly the importance of funding certainty and how this is created and secondly the available remedies if commitments are not met under both English and New York law documentation.

The most important point in any leveraged finance transaction is the certainty that the funds will be there when they are needed. In the first of this two-part series Baker McKenzie reviews how market practice has developed to create contractual certainty in commitment documents for European and US private transactions. Understanding the differences between these two markets is important for any borrower or lender institution looking to invest in either side of the Atlantic.

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