This webinar highlights common issues arising in and terms of bank financing commitment papers.
CHICAGO (PRWEB) August 20, 2018
Debt has always been an important part of the capital structure of many corporations and private equity portfolio companies. At some point, most companies will need to make the decision as to whether and how to incur debt, either in the ordinary course of business or to fund acquisitions or other transformative transactions.
This Financial Poise LEVERAGED FINANCE 2018 webinar series focuses on the leveraged finance market in particular, meaning borrowings by companies whose credit rating is (or would be if rated) below investment grade (that is, a rating below BBB- by S&P / Baa3 by Moody’s). The leveraged finance market over time has developed its own set of market conventions and terms that may be unfamiliar to traditional lenders. Although this series familiarizes the audience with the fundamentals, apart from the two episodes on commitment papers, each other episode can be viewed independently as a stand-alone lesson.
The first episode of the series, Understanding Commitment Papers (Bank), airs on August 23rd at 3:00 PM CST (Register Here) and features Moderator Lewis Grimm of Jones Day. He is joined by Phil Buffington of Adams & Reese LLP, Kendel Drew of Holland & Knight and James Snyder of Sidley Austin LLP.
Most leveraged corporate buyers that are funding all or part of the purchase consideration with bank debt need to know that the money will be available at closing. However, most large leveraged term loans are financed by institutional investors who will buy into the debt as part of the loan syndication process. The buyer (and seller) don’t want to take the risk that the syndication fails as a result of lack of interest by the institutional investors, so they enter into commitment papers with the bank underwriters who agree to fund any shortfall, subject to the detailed terms and conditions in the commitment papers. This webinar highlights common issues arising in and terms of bank financing commitment papers.
The LEVERAGED FINANCE 2018 webinar series is produced by Financial Poise.™ Future episodes in the series include "Understanding Commitment Papers (Bridge)" airing on September 27th, "Navigating Credit Agreements," airing on October 18th, "Current Trends in Leveraged Finance" airing on November 15th, and "Tricks and Traps in Leveraged Finance" airing on December 13th. Each episode airs at 3:00 PM CST. All episodes premiere live through West LegalEdCenter and then are made available on-demand.
As with every Financial Poise Webinar, each episode is delivered in Plain English understandable to investors, business owners, and executives without much background in these areas, yet is also valuable to attorneys, accountants, and other seasoned professionals. And, as with every Financial Poise Webinar, each episode brings you into engaging, sometimes humorous, conversations designed to entertain as it teaches. Each episode in the series is designed to be viewed independently of the other episodes, so that participants will enhance their knowledge of this area whether they attend one, some, or all episodes.
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