In this chapter for Global Legal Insights – Fund Finance 2020, Fourth Edition, Davis Polk partner Meyer Dworkin and associate Christopher Holt examine the typical structure of, and coll...
Davis Polk partners Meyer Dworkin and Jeong Lee and associates Scott Johnsson and Kelsey Avery authored the USA Chapter in the Second Edition of Chambers’ Banking & Finance 2019 guide. ...
A key feature of many modern credit agreements is an “incremental” or “accordion” provision, which can allow a borrower to increase the aggregate amount of financing available und...
In a typical “term loan B” (TLB) financing, the initial lenders expect to distribute the TLB paper to investors prior to funding. But what happens when that expectation cannot be met,...
Articles & Books
The International Comparative Legal Guide to: Lending & Secured Finance 2019, Seventh Edition.
In this chapter for The International Comparative Legal Guide to: Lending & Secured Finance 2019, Davis Polk partner Meyer Dworkin examines the primary features of delayed draw term loans...
Articles & Books
Global Legal Insights - Fund Finance 2019, Third Edition
In this chapter for Global Legal Insights - Fund Finance 2019, Davis Polk partner Meyer Dworkin examines the typical structure of, and collateral securing, NAV Facilities, and discusses r...
Articles & Books
The International Comparative Legal Guide to: Lending & Secured Finance 2018
As the structure of term loans continues to evolve to include variations on “call protection” – provisions compensating lenders for early prepayments – such features need to be do...
Davis Polk lawyers Meyer Dworkin and Samantha Hait recently authored a chapter in Global Legal Insights Fund Finance 2018, Second Edition. In “Recent Developments in Fund Financing: Hyb...
Articles & Books
The International Comparative Legal Guide to: Lending & Secured Finance 2017, Fifth Edition
Davis Polk lawyers Meyer Dworkin and Samantha Hait recently authored a chapter in The International Comparative Legal Guide to: Lending & Secured Finance 2017, Fifth Edition. In “Escrow...
Articles & Books
Global Legal Insights - Fund Finance 2017, First Edition
In recent years, secured credit facilities provided to funds have been dominated by two forms: the “Subscription Facility” and the “NAV Facility”. In this article, we focus on iss...