Incremental Facilities and MFN (Mostly For Naught)

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Incremental Facilities and MFN (Mostly For Naught)

Jainisha Amin's avatar
  1. 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.

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