alerts & publications
2021 Private Credit Overview and Middle Market Update: Pandemic Priming Shifts Debt to Defence十月 12, 2021
O’Melveny’s Finance team authored “2021 Private Credit Overview and Middle Market Update: Pandemic Priming Shifts Debt to Defence,” a chapter in ICLG’s Lending & Secured Finance Laws and Regulations Guide that analyzes shifts in middle market private credit in the wake of the COVID-19 pandemic, in particular, the increase in “priming” transactions.
These deals, in which the seniority of a lender in a secured loan is superseded by another lender, have evolved rapidly post-COVID. Our team discusses how these deals are being structured, steps lenders can take to protect themselves, and how borrowers and investors can think about middle market private credits as we move through 2021 and into 2022.
The chapter is available on ICLG.com.
Thank you for your interest. Before you communicate with one of our attorneys, please note: Any comments our attorneys share with you are general information and not legal advice. No attorney-client relationship will exist between you or your business and O’Melveny or any of its attorneys unless conflicts have been cleared, our management has given its approval, and an engagement letter has been signed. Meanwhile, you agree: we have no duty to advise you or provide you with legal assistance; you will not divulge any confidences or send any confidential or sensitive information to our attorneys (we are not in a position to keep it confidential and might be required to convey it to our clients); and, you may not use this contact to attempt to disqualify O’Melveny from representing other clients adverse to you or your business. By clicking "accept" you acknowledge receipt and agree to all of the terms of this paragraph and our Disclaimer.