Title

Term Loans and High Yield Bonds: Tracking the Convergence

Created date

7/1/2012

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.


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