Transatlantic Intercreditor Agreements: Comparing, Contrasting and Reconciling U.S. and European Approaches

Navigating Enforcement, Payment Obligations, Releases of Collateral, Limitations on First Lien Obligations and Bankruptcy Waivers

Recording of a 90-minute CLE webinar with Q&A


Conducted on Thursday, June 23, 2016

Recorded event now available

or call 1-800-926-7926
Program Materials

This CLE webinar will compare and contrast the key terms in U.S. second lien and European mezzanine intercreditor agreements. The program will discuss how the differences may dictate significantly different outcomes for the parties in cases of restructuring or insolvency.

Description

Key terms of U.S. second lien and European mezzanine intercreditor agreements have been structured based on very different assumptions which often result in different outcomes for the parties based on these initial assumptions.

Listen as our authoritative panel of finance attorneys discusses the key differences between terms of U.S. second lien and European mezzanine intercreditor agreements. The panel program will analyze how these differences may result in significantly different outcomes for borrowers and lenders in cases of restructuring or insolvency.

READ MORE

Outline

  1. Parties to agreement
  2. Enforcement
  3. Payment blockages
  4. Releases of collateral and guarantees
  5. Limitations on first lien obligations
  6. Amendment restrictions
  7. Purchase options
  8. U.S. bankruptcy waivers
  9. Credit bidding

Benefits

The panel will review these and other key issues:

  • What are the different assumptions underlying U.S. and European intercreditor agreements?
  • What are the key differences in terms of U.S. and European intercreditor agreements?
  • How do the differences in bankruptcy and insolvency processes in the U.S. and Europe influence certain terms of intercreditor agreements?

Faculty

R. Timothy Bryan
R. Timothy Bryan

Partner
Duane Morris

Mr. Bryan practices in the area of corporate law with a focus on commercial finance. He concentrates his practice...  |  Read More

Mark L. Darley
Mark L. Darley

Partner
Skadden Arps Slate Meagher & Flom

Mr. Darley leads his firm’s European law banking practice and is global co-head of his firm’s Banking...  |  Read More

Other Formats
— Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

$297

Download

$297