The Credit Crisis and Emerging Trends in Loan Documents | Practical Law

The Credit Crisis and Emerging Trends in Loan Documents | Practical Law

This Article discusses recent changes to syndicated credit facility agreements caused by the credit crisis. It focuses on terms that deal with defaulting lenders and claims by lenders that loans based on LIBOR and the prime rate are no longer covering their cost of funding. Click here to view the full text.

The Credit Crisis and Emerging Trends in Loan Documents

Practical Law Article 9-384-0250 (Approx. 2 pages)

The Credit Crisis and Emerging Trends in Loan Documents

by King & Spalding LLP
Published on 17 Nov 2008USA (National/Federal)
This Article discusses recent changes to syndicated credit facility agreements caused by the credit crisis. It focuses on terms that deal with defaulting lenders and claims by lenders that loans based on LIBOR and the prime rate are no longer covering their cost of funding. Click here to view the full text.