Access to credit is a question of paramount importance to borrowers navigating uncertain times, and as market participants work to assess the impact of COVID-19 on the broader economy, the question has arisen as to whether...more
The purpose of each of our client memos is to highlight for the reader developments in the middle-market lending space that we have observed over the course of our practice. While each deal is different, over time certain...more
The Effect of the Financial Crisis on Middle Market Loan Terms
Part 1. Loan Buybacks -
In addition to providing an object lesson in the dangers of lax lending standards, the global financial crisis of 2008 gave...more