09 Jul 2024
Watch This! Second Lien Financings Video
Watch this new video providing an overview of second lien debt, which is an increasingly preferred form of junior financing, as compared with unsecured debt, subordinated mezzanine debt, or unsecured high yield debt.
Related Content
- Credit Agreement Resource Kit
Check out this resource kit providing an overview of drafting, reviewing, and negotiating a credit agreement. This resource kit includes Practical Guidance materials, including detailed practice notes.
- Structuring a Financing Transaction
Review this general overview of how a financing is structured. The practice note discusses the reasons a financing is entered into and how those reasons drive the components of a financing, such as the parties to the transaction, the types of facilities (whether it includes term, revolving, swingline, or letter of credit facilities), the priority of the loans compared with other sources of financing, and the collateral package, if any.
- Commitment Letter and Term Sheet Provisions
Read this practice note to understand the commitment letter and term sheet and how they relate to a financing transaction. It details the main provisions of these documents, including those specific to acquisition financing, and how they are typically negotiated.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Market Standards—Finance
- PIK Interest Clause (Bilateral Credit Agreement)
- PIK Interest Clause (Syndicated Credit Agreement)
- Market Trends 2023/24: Asset-Based Lending
- Sustainable Finance and ESG Resource Kit
- Market Trends 2024: Private Credit and Unitranche Financings
- Market Trends 2023/24: Anti-hoarding Provisions
- Market Trends 2023/24: Telecommunications Industry Financing
- Market Trends 2023/24: Covenant-Lite Loans
- Credit Ratings Video
- Direct Agreement
- Sustainability Certificate
- Bank Failure Resource Kit assembles Practical Guidance resources covering topics related to bank failures.
- Review this guidance, AI and Legal Ethics: What Lawyers Need to Know, in the Summer Edition of the Practical Guidance Journal. Explore insights from a judge into the use of GenAI in civil litigation, including discovery issues, use cases, and key takeaways. Also advance your career with professional and business development guidance.
- Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: NFTs, Cannabis, COVID, and more.
- Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content.
- Learn about the 2000+ leading attorney authors contributing to our 26 practice areas in the Practical Guidance Author Center. Interested in becoming a Practical Guidance author? Click here for details. Practical Guidance is committed to amplifying diverse voices of attorneys across all differences, including gender and race.
- Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
PRACTICAL GUIDANCE CUSTOMER EMAIL EDITION ON THE WEB
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.
Experience Lexis+