The LSTA's Complete Credit Agreement Guide - Hardcover

Wight, Richard; Cooke, Warren; Gray, Richard

Hardcover

ISBN 10: 0071615113 ISBN 13: 9780071615112

Publisher: McGraw-Hill Education, 2009

Synopsis

Loans between institutions continue to be issued and traded, and corporate lending remains a booming practice. At the core of these activities is the credit agreement--a complicated document that often acts as an obstacle even to the professionals and support personnel who work with it every day.

From determining the terms of the agreement to managing defaults, assignments, and competitive bids, this comprehensive reference tool unlocks the heart and soul of the loan market for institutional investors and professionals in financial and corporate lending firms. Operations personnel who are responsible for executing and managing credit agreements will find it invaluable.

The LSTA's Complete Credit Agreement Guide goes far beyond the fundamentals to provide:

• Unmatched coverage on the nuts and bolts of the credit agreement
• In-depth discussions that include all the nuances of today's global marketplace
• Insightful explanations that address how to manage situations that go off course

With The LSTA's Complete Credit Agreement Guide, all the answers are at your fingertips. Sponsored by the Loan Syndications and Trading Association (LSTA) and written by the partners at Milbank, Tweed, Hadley & McCloy, it provides a definitive road map to managing the entire credit agreement process.

About this title

About the Author

Richard Wight, now retired, was a partner from 1985 to 2007 in the Global Finance Group of Milbank, Tweed, Hadley & McCloy LLP. Mr. White has extensive experience representing banks and other institutional investors in complex financing transactions, corporate restructurings and workouts, leveraged acquisitions, letters of credit, and tax-oriented financings.

Warren Cooke became a partner in the Global Finance Department of Milbank in 1980. His practice involves principally transactional work on behalf of U.S. and non-U.S. financial institutions and includes investment grade lending, leveraged finance, export and trade finance, project finance, structured finance, and debt restructuring.

Richard Gray has been a lawyer with Milbank since 1981 and a partner since 1990. He has twenty-five years of specialized experience in U.S. domestic and international financial transactions, in acquisition and other leveraged financings, workouts, project finance, securitizations, and other structured financings.

From the Back Cover

The definitive guide to managing the entire credit agreement process

The LSTA's Complete Credit Agreement Guide is the most comprehensive handbook available that covers every aspect of the credit agreement--from negotiation and execution to managing the process throughout the life of the loan.

The credit agreement is an essential component to the loan market, yet even seasoned professionals in the industry struggle to master this lengthy, complex document. The LSTA's Complete Credit Agreement Guide is the reference the loan industry has been waiting for because it goes far beyond the basics to offer useful, hands-on guidance that puts professionals as well as operations and back-office personnel on the same page.

Written by three successful partners from Milbank, Tweed, Hadley & McCloy, one of the world's preeminent global law firms, this reliable guide covers:

• Commitments, loans, and letters of credit
• Interest and fees
• Amortization and maturity
• Conditions precedent
• Representations
• Covenants
• Guarantees and security
• Defaults and enforcement
• Interlender, voting, and agency issues
• Assignments and participations
• The boilerplate
• Borrower rights

A go-to reference for the real world, The LSTA's Complete Credit Agreement Guide also provides valuable tips for finding solutions to a variety of scenarios in which things don't go according to plan.

Instead of letting the credit agreement stand in your way, use The LSTA's Complete Credit Agreement Guide to make the document work for you.

Edition details

• Publisher: McGraw-Hill Education
• Publication date: 2009
• Language: English
• ISBN 10: 0071615113
• ISBN 13: 9780071615112
• Binding: Hardcover
• Number of pages: 672