USA
Canada
United States of America
Washington DC
Law and Practice Contributed by: Nicholas A Dorsey, Ryan J Patrone, Kelly M Smercina and Margaret R M Rallings Cravath, Swaine & Moore LLP
Mexico
Contents 1. Market p.523 1.1 Major Lender-Side Players p.523 1.2 Corporates and LBOs p.523
2. Documentation p.523 2.1 Governing Law p.523 2.2 Use of Loan Market Association (LMA) Agreements or Other Standard Loans p.531 2.3 Language p.531 2.4 Opinions p.531 3. Structures p.531 3.1 Senior Loans p.531 3.2 Mezzanine/Payment-in-Kind (PIK) Loans p.532 3.3 Bridge Loans p.533 3.4 Bonds/High-Yield Bonds p.533 3.5 Private Placements/Loan Notes p.533 3.6 Asset-Based Financing p.534 4. Intercreditor Agreements p.534
4.1 Typical Elements p.534 4.2 Bank/Bond Deals p.535 4.3 Role of Hedge Counterparties p.535 5. Security p.535 5.1 Types of Security Commonly Used p.535 5.2 Form Requirements p.536 5.3 Registration Process p.536 5.4 Restrictions on Upstream Security p.538 5.5 Financial Assistance p.538 5.6 Other Restrictions p.538 5.7 General Principles of Enforcement p.538 6. Guarantees p.538 6.1 Types of Guarantees p.538 6.2 Restrictions p.539 6.3 Requirement for Guarantee Fees p.539
519 CHAMBERS.COM
Powered by FlippingBook