Beth Vogel

Sep 25, 2024 | mondaq.com | Matthew D. O'Meara |Elizabeth Smith |Beth Vogel

As football season kicks off, both professional scouts and fantasy football enthusiasts are on the hunt for the next Brady, Sanders, or Taylor. Everyone is eager to find the next G.O.A.T. (Greatest of All Time) in their respective positions. But for lenders, there's a different kind of G.O.A.T. lurking in credit agreements that you should steer clear of: high-water mark provisions.

Nov 15, 2023 | lexology.com | Jason Friedman |Sean Scott |Frederick Fisher |Matthew D. O'Meara |Beth Vogel |Scott Zemser

Over the past several years, unitranche facilities have become increasingly prevalent. This growth has been driven by the ever-growing class of private credit and direct lenders who initially developed the unitranche facility structure, along with traditional bank lenders now joining this market. The unitranche structure has several advantages, including typically quicker execution for the parties involved and in some cases a lower cost of capital to the borrower.