Structuring REIT Credit Facilities: Loan Terms, Financial Covenants, Commitment Letters, MAC Provisions, and More
A live 90-minute premium CLE webinar with interactive Q&A
This CLE webinar will discuss terms and trends in REIT credit facilities, including how to structure the facility, negotiate financial covenants, treat taxable REIT subsidiaries, structure commitment letters, and draft MAC clauses and other key terms.
Outline
- Structuring the credit facility
- Term sheets and commitment letters
- Loan terms
Benefits
The panel will review these and other key issues:
- Legal considerations for structuring the credit facility
- Use of commitment letters and key issues such as MAC provisions
- Evolving financial maintenance covenants
- Key loan document terms needed to satisfy operational and tax concerns of the REIT entity
Faculty
Jacqueline A. Brooks
Partner
Saul Ewing Arnstein & Lehr
Ms. Brooks concentrates her practice in general business and commercial law. She counsels clients in mergers and... | Read More
Ms. Brooks concentrates her practice in general business and commercial law. She counsels clients in mergers and acquisitions, purchases and sales of businesses, commercial finance, private offerings of debt and equity securities, and life science transactions, and shareholder derivative matters, including shareholder demand responses and special committee issues. Ms. Brooks has experience representing public companies, privately owned and managed companies, nonprofit organizations and start-up companies and provides general counsel to these organizations regarding corporate matters. Prior to joining Saul Ewing Arnstein & Lehr, she participated in Washington University School of Law's D.C. Clinic, through which she was an intern to the United States House Judiciary Committee. In this capacity, she drafted legal memoranda to assist Congressman John Conyers, Jr. and the Congressman's legislative assistants at Judiciary Committee hearings and briefings.
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Richard E. Farley
Partner
Kramer Levin Naftalis & Frankel
Mr. Farley advises and represents some of the world’s leading commercial and investment banks in sophisticated... | Read More
Mr. Farley advises and represents some of the world’s leading commercial and investment banks in sophisticated and complex domestic and international financing transactions, in particular leveraged buyout financings, recapitalizations and refinancings. His work on behalf of these clients includes syndicated financing transactions and private placements, acquisition financing, asset-based financing, first and second lien debt transactions, high-yield debt issuances, loan assignments and participations, and project finance.
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