Davis Polk partner Jason Kyrwood will speak on The Loan Syndications and Trading Association’s “COVID-19 Outbreak and Credit Agreements - What You Need to Know” webcast. The widespread reach of the Covid-19 outbreak has negatively impacted many industries and hit global financial markets, including the U.S. loan market. Borrowers and lenders should take this opportunity to familiarize themselves with certain provisions of their credit agreements. The panel will discuss the following issues, amongst other topics, that may arise under credit agreements:
- Drawdowns under a revolving credit facility
- MAC provisions
- Relevant representations and potential penalty for breaches
- Financial covenants and related definitions
- Notice requirements
The webcast will be held March, 25, 2020 at 4p.m. EST.
For more information, please visit the webcast website.