M&A Bridge Financing: Key Terms and Structuring Considerations
Timing, Fees, Conversion Features, Securities Demands, Flex Rights, Remedies
This program has been cancelled
A live 90-minute premium CLE video webinar with interactive Q&A
This CLE course will examine the structural components and key terms of bridge financing in mergers and acquisitions. The panel will discuss factors to consider in negotiating a bridge loan commitment and how the bridge loan can impact the ultimate financial structure of the transaction.
- Bridge loans in M&A: bridging the financing gap
- Fees and financial terms in the current market
- Conversion to longer-term loan if permanent loan financing falls through or is delayed
- Securities demand, remedies
- Flex provisions: potential effect on the permanent financing structure
The panel will review these and other important issues:
- Why is bridge financing often needed to close an acquisition, and who typically provides the bridge loan?
- What fees are charged with a bridge loan, and how might they vary from deal to deal?
- What events can trigger conversion of the loan, and why should the acquirer want to avoid conversion?
- When can a securities demand be made, and what are the lender's remedies if the issuance of debt securities fails to result in a payoff of the bridge loan?
Ellen M. Snare
King & Spalding
Ms. Snare's practice focuses on finance. She represents lenders and borrowers in connection with debt... | Read More
Ms. Snare's practice focuses on finance. She represents lenders and borrowers in connection with debt financings, including LBO financings, second lien and subordinated loans, ABL facilities, restructurings, workouts, and debtor-in-possession financings.Close
to be announced.