First-Out Revolvers: Overview | Practical Law

First-Out Revolvers: Overview | Practical Law

This resource reviews the structure, loan document provisions and key issues in "first-out" revolving credit facilities.

First-Out Revolvers: Overview

Practical Law Article 2-520-7344 (Approx. 10 pages)

First-Out Revolvers: Overview

by Marc Hanrahan and Jerome McCluskey, Milbank, Tweed, Hadley & McCloy, LLP, with Practical Law Finance
Law stated as of 04 Nov 2020 • USA (National/Federal)
This resource reviews the structure, loan document provisions and key issues in "first-out" revolving credit facilities.