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MFN Provisions


Buyside ascendancy on terms and pricing but sponsors still seek detailed carve outs 

 

Greater protections for investors being won on new leveraged loans could be undermined by changing definitions of key terms and undermining of the scope of that protection. 

Highlights of the report include 

  • Lender pushback on "sunset" periods 
  • MFN protection moves from margin to yield 
  • Historically low interest rates drive base rate floors 
About this report 

This report refers to data drawn from Debt Explained's Representative Loan Terms (RLT) database which tracks information from syndicated loans in the European leveraged loan market. 

RLT offers a unique oversight of the European leveraged loan market with more than 350 searchable terms. A staple resource for all leveraged finance market participants - including capital markets bankers, legal advisors and asset managers - Debt Explained data reacts to the market in real time. 

To find out more about RLT or to arrange a trial, contact us. 

 

 

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