Spotlight on... First-out Revolvers | Practical Law

Spotlight on... First-out Revolvers | Practical Law

This Article discusses the main terms of a first-out revolving credit facility and includes a description of the major differences between first-out revolver, second lien and subordinated debt facilities.  

Spotlight on... First-out Revolvers

Practical Law Article 1-523-4507 (Approx. 8 pages)

Spotlight on... First-out Revolvers

by PLC Finance
Published on 14 Feb 2013USA (National/Federal)
This Article discusses the main terms of a first-out revolving credit facility and includes a description of the major differences between first-out revolver, second lien and subordinated debt facilities.