Banking
May 26, 2020
COVID-19 exceptions in credit agreements (Part II of II)
This article discusses additional considerations related to COVID-19’s impact on credit agreements.
Sandra Lee Montgomery
Partner
Proskauer Rose LLP
Email: smontgomery@proskauer.com
Sandra is a partner in The Private Credit Group. She represents first- and second-lien senior lenders, mezzanine investors, and equity sponsors in senior debt, mezzanine and private equity financing arrangements, particularly those involving private sources of capital. Her areas of focus include acquisitions, recapitalization and other leveraged financings, cash flow and asset-based financings, debtor-in-possession and exit financings, cross-border financings, unitranche and mezzanine financings, restructurings and other innovative, first-in-kind transactions.
Bharat Moudgil
Associate
Proskauer Rose LLP
Email: bmoudgil@proskauer.com
Bharat is an associate in The Private Credit Group. He concentrates his practice on middle-market financing transactions, including senior, first and second-lien, secured and unsecured mezzanine, holdco, unitranche and other forms of private credit in connection with leveraged buyouts, acquisition financings, recapitalizations and refinancings, among other purposes. Bharat has experience representing a diverse group of lenders in transactions across a wide range of industries.
This article discusses additional considerations related to COVID-19's impact on credit agreements.
Exclusion of COVID-19's Impacts From EBITDA Addbacks
The calculation of EBITDA plays a major role in many financing arrangements, including the determination of, and compliance with, financial covenants. EBITD...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In