Understanding Commitment Papers (Bank)

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. The webinar highlights common issues arising in terms of bank financing commitment papers.

Webinar Faculty

Moderator:

Lewis Grimm

Lewis Grimm is a partner at Jones Day.  He has substantial experience in New York and Australia representing financial institutions and other entities in debt financing matters, including the representation… Read More

Panelists:

James Snyder

Jamie Snyder focuses his practice on commercial finance deals, including corporate lending transactions, leveraged acquisitions, specialty financings and other debt investments. He represents money-center banks and non-bank lenders in connection… Read More

Kendel Drew

Kendel Drew is a financial services attorney in Holland & Knight's Atlanta office. Ms. Drew focuses on advising clients in connection with a wide range of commercial finance transactions. She… Read More

Phillip Buffington

Phil Buffington joined Adams and Reese in 2011 and serves as Leader of the Financial Services Team, and is a Partner in the Transactions Practice Group. For more than 30… Read More