ELFA, Akin Gump Co-Author Report on UK Loan Documentation Terms and Protections
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“The Upside of the Downside: Tightening Terms at the Negotiating Table,” a report jointly developed by Akin Gump and the European Leveraged Finance Association, is now available.
The report discusses loan documentation terms and protections for lenders as they face a likely continuation of the requests they received throughout 2020 from borrowers for amendment and waiver requests.
The report looks at four types of borrowers—“The Serial Acquirer,” “The Cash Starved Company,” “The Dividend Payer,” “The Non-Transparent Borrower”— discusses their profiles and the lender goals, and lays out areas of focus where tightening can occur.
To read the full report, click here.
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