Term Loans and High Yield Bonds: Tracking the Convergence

Created date


Practical Law Finance, July 1, 2012


Typical provisions for certain syndicated term loans have undergone a transformation in the last ten years, adopting some features traditionally found in high yield bonds. Investors and arrangers should understand the implications of this unmistakable trend and take into account the related risks in their decision-making.

Related Professionals
Related Offices