Faisal Ramzan

Oct 17, 2024 | natlawreview.com | Faisal Ramzan |Alice Dawson-Loynes |Nathaniel Lacktman |Whitt Steineker

October 17, 2024, is the final day for European Union (“EU”) Member States to implement the necessary measures for transposing the EU Directive on measures for a high common level of cybersecurity across the EU (the “NIS2 Directive”) into their national laws. The rules of the NIS2 Directive will then become applicable from October 18, 2024, onwards.

Oct 17, 2024 | natlawreview.com | Faisal Ramzan

Why Value Leakage MattersWhen negotiating credit agreements, lenders will focus on how to maximize the prospect of their loan being repaid in full at maturity. If money and/or assets can leave the borrowing group (the “Group”), then such leakage of value could impact the borrower's ability to meet its payment obligations, increase default risk and, ultimately, be detrimental to lenders' recovery prospects.

Oct 17, 2024 | lexology.com | Faisal Ramzan |Alice Dawson-Loynes

Why Value Leakage MattersWhen negotiating credit agreements, lenders will focus on how to maximize the prospect of their loan being repaid in full at maturity. If money and/or assets can leave the borrowing group (the “Group”), then such leakage of value could impact the borrower's ability to meet its payment obligations, increase default risk and, ultimately, be detrimental to lenders' recovery prospects.

Aug 1, 2024 | natlawreview.com | Faisal Ramzan

A typical European leveraged loan will comprise of various tranches of debt, for a variety of purposes, all documented within a single facilities agreement. In a leveraged buyout scenario, the standard structure will be a term loan to finance the acquisition (typically either a unitranche loan provided by one or more private credit lenders or a term loan B in the broadly syndicated loan (“BSL”) market) with, in each case, a revolving credit facility provided for working capital purposes.