News and Analysis
Incremental Facilities and MFN (Mostly For Naught)
- Jainisha Amin
•11 min read
Readers of our 9fin Educational pieces on European leveraged loan agreements will be familiar with our focus on loan agreements that resemble high-yield bonds, which are the majority of the €250m+ TLB market. In this piece, we look at incremental facilities (also called additional or accordion facilities) and the MFN provision in these European leveraged loan agreements.