A series of newsletters that take a look at global market trends in various jurisdictions and areas of law relating to leveraged finance and high yield.
Current Considerations When Restructuring European Private Credit Investments
This article discusses considerations for credit funds that face a restructuring situation in the post-COVID-19 world and how workouts of these investments present their own challenges.
144A vs Reg S Only
This article examines some of the regulatory and market practice considerations relevant to structuring high-yield offerings.
Filling the Funding Gap
This article focuses on considerations in documenting a convertible loan and the extent to which the loan terms reflect a debt or an equity instrument, among others.
From One into Many: Replacement Rates for LIBOR
This article explores the differences in the ways risk-free rates (RFRs) are used in the context of syndicated loans and floating rate notes.
Top 10 Tips for ESG Debt Financings
In this article, our lawyers share their experiences and insights in handing ESG-related bonds and loans.
Finding Certainty in Uncertain Times (Part 2)
In this article, we consider what the consequences might be for a borrower should a lender choose not to fund under a commitment and what remedies might be available in such situation.
Finding Certainty in Uncertain Times
In the first of this two-part series, we review how market practice has developed to create contractual certainty in commitment documents for European and US private transactions.
Nordic Corporate Bonds — What Happens Next
In this article, we take a closer look at how the Nordic bond market has grown over the last decade and where it is heading.
Falling Angels: The Effects of the COVID-19 Crisis on Corporate Ratings
In this article, we discuss the implications for corporates and their treasury departments (and their advisors) who find their ratings downgraded and offer considerations and recommendations.
Cash Is King: How Can Issuers Maximize (or Preserve) Liquidity in the Shadow of COVID-19
We look at some potential levers that issuers can pull to access additional super senior or structurally senior liquidity.
Don't Overlook These Implications for Your Leveraged Finance Documentation
In this article we identify certain key risks arising from the Covid-19 outbreak that apply to existing and new leveraged finance structures.