FRANCE
Belgium
Germany
Paris
France
Switzerland
Law and Practice Contributed by: Raphaële Courtier, Sébastien de Monès, Victor Camatta and Jessica Chartier Bredin Prat Contents 1. Market p.186 1.1 Major Lender-Side Players p.186 1.2 Corporates and LBOs p.187
Italy
Spain
2. Documentation p.188 2.1 Governing Law p.188 2.2 Use of Loan Market Association (LMA) Agreements or Other Standard Loans p.188 2.3 Language p.188 2.4 Opinions p.189 3. Structures p.189 3.1 Senior Loans p.189 3.2 Mezzanine/Payment-in-Kind (PIK) Loans p.189 3.3 Bridge Loans p.190 3.4 Bonds/High-Yield Bonds p.190 3.5 Private Placements/Loan Notes p.191 3.6 Asset-Based Financing p.191 4. Intercreditor Agreements p.191
4.1 Typical Elements p.191 4.2 Bank/Bond Deals p.192 4.3 Role of Hedge Counterparties p.192 5. Security p.192 5.1 Types of Security Commonly Used p.192 5.2 Form Requirements p.196 5.3 Registration Process p.196 5.4 Restrictions on Upstream Security p.196 5.5 Financial Assistance p.197 5.6 Other Restrictions p.197 5.7 General Principles of Enforcement p.198 6. Guarantees p.198 6.1 Types of Guarantees p.198 6.2 Restrictions p.199 6.3 Requirement for Guarantee Fees p.199
183 CHAMBERS.COM
Powered by FlippingBook