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Caveat Intercreditor: Bankruptcy May Be Coming

<b><i>Bankruptcy Provisions in First Lien/Second Lien Intercreditor Agreements</b></i><p>While intercreditor agreements (ICAs) are not necessarily the most attention-grabbing of the various loan documents common to large financing transactions, they are nevertheless important, and lack of attention to detail with respect to their provisions could lead to unintended results in any future bankruptcy case.

8 minute read March 01, 2019 at 12:05 AM
By
Joel H. Levitin, Richard A. Stieglitz Jr. and Stephen J. Gordon
Caveat Intercreditor: Bankruptcy May Be Coming

While intercreditor agreements (ICAs) are not necessarily the most attention-grabbing of the various loan documents common to large financing transactions, they are nevertheless important, and lack of attention to detail with respect to their provisions could lead to unintended results in any future bankruptcy case.

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