Term Loans and High Yield Bonds: Current Status of the Convergence | Practical Law

Term Loans and High Yield Bonds: Current Status of the Convergence | Practical Law

Syndicated term loans continue to adopt selected features traditionally found in high yield bonds. The implications of this trend and the related risks are important to the credit decisions made by investors and arrangers.

Term Loans and High Yield Bonds: Current Status of the Convergence

Practical Law Article 3-577-7447 (Approx. 10 pages)

Term Loans and High Yield Bonds: Current Status of the Convergence

by Michael K. Chernick and Benjamin M. Cheng, Paul Hastings LLP, with Practical Law Finance
Law stated as of 08 Aug 2014 • USA (National/Federal)
Syndicated term loans continue to adopt selected features traditionally found in high yield bonds. The implications of this trend and the related risks are important to the credit decisions made by investors and arrangers.