Understanding Commitment Papers (Bank)
Series: LEVERAGED FINANCE 2018
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 and terms of bank financing commitment papers.
Principal Audience: Attorneys and Advisors, Business Owners and Executives, Investors
Partner: ChamberWise, West LegalEdcenter
Meet the Panel:
JAMIE SNYDER focuses his practice on commercial finance deals, including ...