Panel approach on flex disclosure *

United Kingdom - December 15 2011
Of all of the provisions in syndicated lending commitment documents, the right of the arrangers to “flex” the terms of a committed financing in order to meet their minimum hold – by, for instance, increasing its pricing – is one of the most important.

Co-authors: Gavin Weir, Gareth Eagles, Philip Broke.

Equity cures: an ideal standard? *

United Kingdom - March 18 2011
Equity cure provisions, a common feature of leveraged facilities agreements, allow an injection of capital into the group to stave off or 'cure' a financial covenant default.

Co-authors: Jeremy Duffy, Gareth Eagles, Michael Mount, Kate Andrews.

Increased costs – the great debate *

Global - February 14 2011
The introduction of Basel III and the Bank Levy has brought the increased costs provision in facilities agreements into sharp focus once more.

Co-authors: Jeremy Duffy, Kate Andrews, Mayank Gupta .

Impact on facilities agreements of the proposed change to accounting treatment of leases *

Global, USA - October 20 2010
The International Accounting Standards Board and the US Financial Accounting Standards Board have published proposals relating to the accounting treatment of leases.

Co-authors: Jeremy Duffy, Stephen Phillips, Kate Andrews.