The February 8, 2010, issue of The Deal features an article by Jason Kyrwood, a partner in Davis Polk & Wardwell LLP's Credit Group. In the article, "Extra Credit," Kyrwood addresses acquisition financing trends from 2009, a tumultuous year for financing in which sellers and buyers were focused on deal certainty, while arrangers were focused on enhancing flexibility. To illustrate the ways that market participants balanced these competing objectives, Kyrwood reviews several of the key conditions typically found in loan commitments.

"Extra Credit," The Deal (February 8, 2010)