The Use of Subordinated Debt Products in Acquisition Finance

Introduction

Financial sponsors are constantly considering ways to introduce additional leverage into acquisition financing structures to increase overall investment returns.

This virtual classroom seminar will review the principal junior financing options available to financial sponsors. You will explore the structuring considerations applicable to each type of financing, review market practice for documentation and provide a comparative analysis between these products.

You will also consider various case studies from the European leveraged finance market.

What You Will Learn

This live broadcast will cover the following:

• Types of Subordination
• Contractual subordination
• Structural subordination
• Trust subordination
• Senior Debt Features and Common Structures
• Principal Subordinated Debt Products
• Mezzanine debt
• High yield debt
• Second lien debt
• Holdco debt
• Preferred equity
• Fund level financing
• Key Documentation
• Intercreditor Agreements
• Subordination Agreements
• Deeds of Priority
• Key Issues for Consideration
• Restrictive covenants
• Change of control
• Security/guarantees
• Permitted payments
• Dividend restrictions
• Voting Rights
• Enforcement/acceleration

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.