Complete Credit Agreement Guide

Richard Wight, now retired, was a partner in the global finance group of Milbank, Tweed, Hadley and McCloy LLP from 1985 to 2007. Mr. White has extensive experience representing banks and other institutional investors in complex financing transactions, corporate restructurings and workouts, leverage acquisitions, credit and tax financings. Michael Bellucci and Jerome McCluskey, partners in Milbank`s New York office and Global Leveraged Finance practice group, co-authored the Complete Guide to the Credit Agreement, second edition of The LSTA. The first edition of the guide, published in 2009 and also written by retired Milbank partners, has been updated by the co-authors to reflect the huge changes in the credit market after the financial crisis. Since the publication of the first edition, this book has been widely regarded in the industry as a final guide to navigating syndicated credit agreements. The Definitive Guide to Managing the Entire Credit Agreement Process Structuring and managing credit agreements has always been a difficult process – but it is now more complicated than ever. Whether you work for a company that lends money in the syndicated loan market, or for a bank, hedge fund, pension fund, insurance company or other financial institution, LSTA`s Complete Guide to the Credit Agreement takes you ahead of the curve of today`s credit landscape. The LSTA Complete Credit Agreement Guide updates you on today`s credit agreements and helps you become familiar with these complex instruments. This comprehensive guide has been fully updated to cover seven years of big changes – which have virtually changed the credit market as we knew it.

It offers everything you need to deal with these new developments, including what you need to pay attention to in large sponsored deals, the rise of “Covenant Lite” deals for corporate borrowers who want fewer covenant restrictions, Yankee loans, other products from globalization, and other product developments fueled by the diversification of the investor class. Instead of getting in the way of the credit agreement, use The LSTA`s comprehensive credit agreement guide to make the document work for you. LSTA`s Complete Guide to credit agreement is the most comprehensive manual that covers all aspects of the credit agreement, from negotiation and execution to managing the process throughout the term of the loan. From the definition of contractual conditions to the management of defaults, contracts and competitive offers, this comprehensive reference tool opens the heart and soul of the credit market to institutional investors and professionals in financial and corporate credit companies. The operating staff responsible for the execution and management of credit agreements will find it invaluable. A clear and comprehensive guide to financial modelling and valuation, with extensive case studies and practices. With the complete guide to the LSTA credit agreement, you have all the answers at your disposal. Sponsored by the Loan Syndications and Trading Association (LSTA) and written by Milbank partners Tweed, Hadley & McCloy, it offers a definitive roadmap for managing the entire credit agreement process. The current syndicated loan market and the underlying credit agreements are much more complex than ever…

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