C.N. Franklin Reddick III, Partner, Akin Gump Strauss Hauer & Feld LLP Christina M. Padien, Counsel, Akin Gump Strauss Hauer & Feld LLP
On Friday, January 25, 2013, Akin Gump Strauss Hauer & Feld will host a program, Intercreditor Issues, at 2029 Century Park East, 24th Floor, in Los Angeles. The program is geared to in-house counsel. It begins at 8:30 a.m. and ends at 10:00 a.m. and includes complimentary breakfast.
Intercreditor issues regularly arise in the context of multi-layered capital structures, including traditional senior and junior debt structures, second lien debt, mezzanine lending and unitranche debt. The intercreditor agreement between the junior lender and the senior lender typically addresses the junior lender’s exercise or enjoyment of its most important rights, including the right to payment of interest (and, if applicable, principal) and the right to call the loan and seize collateral and the exercise of its other remedies. In addition, it often includes detailed provisions addressing the rights of both senior and junior lenders during the pendency of insolvency proceedings. The intercreditor agreement principally addresses the rights among the creditors; however, it is also of concern to the borrower since intercreditor terms can affect the borrower’s ability to refinance, incur additional debt and maneuver during a bankruptcy.
This program is designed for both lawyers and lending professionals who need a thorough understanding of the key intercreditor issues and current practice in intercreditor agreements or agreements among lenders. In addition to issues arising generally in the context of intercreditor arrangements, the program will address select issues that arise in the context of second lien debt, mezzanine lending, asset-backed lending and real estate, film and project finance.
Featured speakers are C.N. Franklin Reddick III, partner, and Christina M. Padien, counsel, Akin Gump Strauss Hauer & Feld LLP.
Topics of discussion will include: A Review of Select Intercreditor Issues - Negotiating Strategy and Current Practice; Mezzanine Loans and the Intercreditor Agreement; Current Issues in the Bankrutpcy Courts; and The Agreement among Lenders and Uni-Tranche Loans.
For attendees who are California-licensed attorneys, the program will fulfill 1.00 hour of General CLE credit.