Davis Polk partner and Finance co-head Jason Kyrwood and partner Meyer Dworkin authored a two-part series on “Navigating challenging markets” for International Financial Law Review. R...
A key feature of many modern credit agreements is an “incremental” or “accordion” provision, which can allow a borrower to increase the aggregate amount of financing available und...
In a typical “term loan B” (TLB) financing, the initial lenders expect to distribute the TLB paper to investors prior to funding. But what happens when that expectation cannot be met,...
In recent months, there have been a number of important developments relating to stockholder appraisal rights in Delaware. Appraisal rights are generally available to dissenting stockhol...
Articles & Books
The International Comparative Legal Guide to: Lending & Secured Finance 2015
Over the past 10 to 15 years, lien subordination and tiering has moved from the periphery of the finance markets to the very heart of U.S.-based leveraged finance. Whereas the predominant...
On August 8, 2014, The Loan Syndications and Trading Association (“LSTA”) published in final form its latest iteration of the Model Credit Agreement Provisions (the “2014 MCAPs”),...
Articles & Books
The International Comparative Legal Guide to: Lending & Secured Finance 2014, Second Edition
Davis Polk lawyers Meyer C. Dworkin and Monica Holland recently contributed a chapter to The International Comparative Legal Guide to: Lending & Secured Finance 2014, Second Edition. In ?...