Contact: John Hartgen
703-739-0800
NEW ABI PUBLICATION
PROVIDES IN-DEPTH ANALYSIS OF SECOND LIENS AND INTERCREDITOR
AGREEMENTS
May
7,
size='3'>2009 Alexandria, Va. —
The American Bankruptcy Institute today releases
the Handbook on Second Lien
Loans & Intercreditor Agreements
face='Calibri' size='3'>to assist practitioners in understanding the
development and practices involved with second lien financing. Second
lien loans are typically made by creditors to a bankrupt company with a
security interest in the assets of a company that are second behind a
primary or “senior” credit facility
size='3'>. As second lien financing has become more prevalent in
today’s chapter 11 practice, authors
face='Calibri' size='3'>Mark N. Berman
size='3'>of Nixon Peabody LLP (Boston)
and Jo Ann J.
Brighton of K&L
Gates LLP (Charlotte, N.C.) wrote the
size='3'>Handbook to
size='3'>examine implications of the second lien financing market over
the last decade. The
size='3'>Handbook provides an in-depth
analysis of intercreditor agreements used in second lien financings, by
providing practical examples of sample clauses, followed by an analysis
of the legal issues presented when parties contemplate the
enforceability of those clauses in the context of a borrower bankruptcy
proceeding.
Members of the press interested in
interviewing the authors should contact John Hartgen at 703-894-5935
or
color='#0000ff' size='3'>jhartgen@abiworld.org
face='Calibri'>. The 116-page softbound
face='Calibri' size='3'>Handbook is available
for pre-order ($25 ABI members; $45 non-members) at ABI's Online
Bookstore. Click here to order.
href='http://www.abiworld.org/abistore'>
color='#0000ff' size='3'>http://www.abiworld.org/abistore
###
ABI is the largest multi-disciplinary,
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related to insolvency. ABI was founded in 1982 to provide Congress and
the public with unbiased analysis of bankruptcy issues. The ABI
membership includes nearly 12,000 attorneys, accountants, bankers,
judges, professors, lenders, turnaround specialists and other bankruptcy
professionals, providing a forum for the exchange of ideas and
information. For additional information on ABI, visit
href='http://www.abiworld.org/'>
size='3'>www.abiworld.org. For
additional conference information, visit
href='http://www.abiworld.org/conferences.html'>
color='#0000ff'
size='3'>http://www.abiworld.org/conferences.html
face='Calibri' size='3'>.