Financial Services & Restructuring Communiqué

A pen sits over top a budget sheet

October 5, 2022

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A sigh of relief for agents in syndicated financings

Kenneth R. Rosenstein, David Reynolds, Victor Cornea

Agents in syndicated loan transactions have received some much needed relief in respect of potential erroneous payments made by them to the lenders in their syndicate. Erroneous payments provisions became commonplace in many credit agreements in 2021 as a by-product...

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