Security Packages and Guarantees in Private Credit: Typical Deal Requirements
Security Packages and Guarantees in Private Credit A security package is the set of liens, pledges, and control rights a […]
Private Credit
Structuring Financial Covenants for PE Sponsors: Levels, Headroom, Cure Rights
Financial Covenants in Private Credit: A Practical Guide Financial covenants are ongoing ratio tests in a loan that indicate when
US vs. Europe: Key Differences in Direct Lending Financial Covenants
Maintenance vs Incurrence Covenants: US vs Europe Guide Financial covenants give lenders a formal moment to engage when performance drifts
Maintenance Covenant Norms in European Mid-Market Private Credit Deals
Maintenance Covenants in European Private Credit Maintenance covenants are regular, scheduled financial tests that a borrower must meet quarter after
Financial Covenants in Private Credit: Key Types and Downside Protection
Financial Covenants in Private Credit: 2025 Playbook Financial covenants convert operating data into early decision rights. They measure leverage, coverage,
Structuring Delayed-Draw Term Loan Tranches: Sponsor Sizing, Pricing, Documentation
Delayed-Draw Term Loans: Structure, Pricing, Control A delayed-draw term loan is a committed term loan you can pull after closing
US vs Europe: Pricing, Availability, and Fees for Delayed Draw Term Loans
Delayed Draw Term Loans: How They Work and When to Use A delayed draw term loan, or DDTL, is a
Delayed Draw Term Loans in European Mid-Market Roll-Ups: Structures, Covenants, Pricing
Delayed Draw Term Loans: Terms, Pricing, and Risks A delayed draw term loan is a committed term loan that a
How Delayed Draw Term Loans Support Buy-and-Build in Private Credit
Delayed Draw Term Loans: Sponsor Guide to DDTLs A delayed draw term loan is committed term debt sized and documented
Structuring Recurring Revenue Loans for Sponsors: Metrics, Cushions, and Resets
Recurring Revenue Loans: Structure, Covenants, Pricing A recurring revenue loan is a first-lien credit facility sized against predictable subscription renewals