Tue 01/03/2023 09:02 AM
Share this article:
In credit agreements, most favored nations, or MFN, protection is meant to provide initial lenders with the benefit of better pricing should their borrower incur additional pari debt. Ideally, MFN protection requires that if a borrower incurs any additional pari debt under incremental debt, incremental equivalent debt, ratio debt or acquisition debt baskets, and if that debt is priced more than 50 basis points higher than the initial term loans, the pricing on the initial term loans will be...
Share this article:
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2023 Reorg Research, Inc. All rights reserved.
Thank you for signing up
for Reorg on the Record!