15 Mar 2022
Having Commitment Issues?
Most financings begin with a commitment. This practice note describes the commitment letter and term sheet and how they relate to financing transactions. It details the main provisions of these agreements, including those specific to acquisition financings and how they are typically negotiated.
Related Content
- Commitment Papers Resource Kit
Review this resource kit to get an overview of financing commitment papers.
- Market Trends 2020/21: Commitment Letters
Read this practice note discussing market trends in publicly-filed financing commitment letters. It examines some of the key provisions in commitment letters for various types of credit facilities.
- Fees in Loan Transactions and Fee Letter Considerations
Check out this practice note describing fees that are generally incurred in connection with a loan financing. It also provides practice tips in formulating the fee letter documenting these and related provisions, including market flex, securities demand, and alternative transaction fees.
- Commitment Letter (Fully Underwritten Commitment)
Take a look at this template and make sure your form commitment letter includes the latest in trends.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Market Standards—Finance
- LIBOR Transition Video
Watch this video highlighting the transition of LIBOR clauses in credit agreements and the market implications. - Ukraine Invasion Resource Kit
- The Practical Guidance Journal Spring 2022 Edition features updates related to LIBOR replacement and the Secured Overnight Financing Rate (SOFR).
- LIBOR Replacement Checklist
- Check out the new Practical Guidance Author Center! Learn about the 1500+ leading attorney authors contributing to our 20 practice areas, and find out how you can Become a Practical Guidance Author.
- Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
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