Anti-Hoarding Provisions: What’s Trending?

Anti-hoarding provisions limit a borrower’s ability to stockpile cash under its revolving line of credit to shore up liquidity in the event of an economic downturn in the oil and gas market. While the use of these provisions has declined in recent years, inflation, fears of a recession, international instability, domestic labor shortages, and persistent supply chain challenges make it difficult to predict the trajectory of anti-hoarding provisions in oil and gas credit agreements. Read this practice note discussing recent market trends to learn more.

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