Commercial Lending and Equity Deal Terms for Middle Markets: Borrower and Lender Perspectives
Negotiating Financial Covenants, Leverage Ratios, Equity Cures, EBITDA, IC Agreements and More
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will discuss commercial loan and equity lending deal terms for middle market businesses, negotiation points from both borrower and lender perspectives, and the outlook for lending and deal terms in 2015.
Outline
- Market loan documentation trends
- Loan terms (leverage ratios, interest rates, advance rates, refinancing facilities, equity cures rights, EBITDA)
- Financial covenants
- Loan documentation outlook for 2015
- What is negotiable?
- Borrower vs. lender perspectives
- Alternative forms of financing
- Mezzanine financing
- Equipment financing
- M&A outlook for 2015
Benefits
The panel will review these and other key issues:
- What are the latest developments in financial covenants and other loan terms?
- What is the impact of the Leveraged Lending Guidance on the mid-market lending space?
- What is the outlook for multi-tranche financings for middle market companies in 2015?
Faculty
Paul W. Hespel
Partner
Pepper Hamilton
Mr. Hespel specializes in finance and restructuring transactions, with a particular focus on transactional finance... | Read More
Mr. Hespel specializes in finance and restructuring transactions, with a particular focus on transactional finance matters (including leveraged acquisition financings and transactional finance matters in distressed settings), mezzanine and multi-tranche financings, high yield debt offerings, out-of-court restructurings and liability management transactions. He has extensive experience in structuring and negotiating secured and investment grade credit facilities, first lien, second lien, mezzanine and multi-tranche financings, liquidity lines, letter of credit facilities and high yield debt offerings. He represents corporate borrowers, financial sponsors, portfolio companies, financial institutions and alternative capital sources.
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Joseph W. Price
Member
Mintz Levin Cohn Ferris Glovsky and Popeo
Mr. Price concentrates his practice on debt financing transactions with special emphasis on both the private... | Read More
Mr. Price concentrates his practice on debt financing transactions with special emphasis on both the private equity sector and restructuring matters. He has extensive experience representing private equity sponsors, corporate borrowers and lenders in connection with leveraged acquisitions, secured and unsecured, second lien, mezzanine, asset based, debtor-in-possession, exit and distressed financings, workouts and restructurings.
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