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LexisNexis Practical Guidance®
Straightforward guidance across a range of topics
- Acquisition finance
- Financing the acquisition
Representations, covenants and events of default in acquisition finance
This guidance note discusses:
- • the purpose of and typical representations in a leveraged senior facilities agreement and how these differ from those in an investment grade facility agreement;
- • common ways for the sponsor to attempt to limit the scope of the representations;
- • when representations are typically given;
- • the purpose of and typical information undertakings in a leveraged senior facilities agreement;
- • the purpose of typical general undertakings in a leveraged senior facilities agreement;
- • the use of “baskets” to provide flexibility under the general undertakings; and
- • the purpose of and typical events of default.
See Representations, covenants and events of default in acquisition finance.