Try our Advanced Search for more refined results

Expert Analysis

An Overview Of 1st-Out Revolvers

Law360, New York (June 13, 2012, 6:01 PM EDT) -- "Let's structure it as a first-out tranche." This refrain is being voiced with increasing frequency as arrangers and underwriters of credit facilities attempt to design capital structures with the broadest appeal to market participants. As the name suggests, a "first-out" credit facility (also referred to as a "superpriority" or "super-senior" credit facility) at its most basic level is characterized by one lender group being paid ahead of other equally and ratably secured lenders in certain circumstances and thus becoming the "first out" among otherwise equally ranked creditors....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Companies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!