Representing Co-Lenders in Syndicated Credit Facilities
Consent Rights, Sacred Rights, Waterfall and Pro-Rata Sharing Provisions, Removal and Addition of Co-Lenders
An encore presentation
A 90-minute premium CLE video webinar with interactive Q&A
This CLE webinar will examine syndicated loans from the co-lender's perspective. The panel will discuss deal points of particular concern to co-lenders, including trends in negative covenants and collateral leakage, voting rights, waterfall and pro-rata sharing provisions, intercreditor arrangements and regulatory concerns for banks and other regulated entities.
- Negative Covenants: The role of precedent; sponsor-friendly provisions; collateral leakage concerns
- Voting Rights: Key issues and trends in recent cases
- Waterfall and pro-rata sharing provisions
- Intercreditor arrangements
- Regulatory and compliance concerns for co-lenders
- Special issues for letter of credit issuers
The panel will review these and other vital questions:
- What loan provisions might be considered deal breakers for a co-lender looking to invest in a syndicated credit?
- How can a lender with a minority position in a syndicated loan be adversely affected if the loan goes into default or bankruptcy?
- How might waterfall and pro-rata sharing provisions adversely affect the co-lender?
This is an encore presentation.
Patricia (Pat) Christ
Assistant General Counsel, Senior Vice President
Bank of America
Ms. Christ is Assistant General Counsel, Senior Vice President at Bank of America, NA.| Read More
Ms. Christ is Assistant General Counsel, Senior Vice President at Bank of America, NA.Close
Bobbi Acord Noland
Parker Hudson Rainer & Dobbs
As head of the Commercial Finance practice, Ms. Noland guides global banks, regional banks and finance companies... | Read More
As head of the Commercial Finance practice, Ms. Noland guides global banks, regional banks and finance companies through domestic and cross-border transactions ranging from $5 million to more than $1 billion. She has handled practically every aspect of commercial lending, from single-lender deals to syndicated facilities involving multiple lenders, borrowers, creditors and multi-tiered debt tranches. In addition, Ms. Noland frequently advises her clients on workouts and restructurings.Close