DOCUMENTATION FOR HIGH YIELD DEBT
This book is the definitive guide to documentation for high yield debt issues in US and UK jurisdictions. Written by one of the field’s leading US awyers the book examines each document, clause by clause and identifies the key features and interrelationships of these highly complex ocuments.
It includes examinations of: ¦ the high yield bond market including ratings, ranking and subordination, solutions to structuring high yield debt issues, descriptions of the key covenants and practical tips for issuers in the negotiation of high yield debt terms ¦ sample annotated Description of Notes for both US and UK LBOs including explanations of structuring LBO debt and of the important ifferences between the US and UK jurisdictions ¦ the Securities Act and its implications for high yield debt issues ¦ sample annotated Indenture for high yield bonds, together with an overview of the Trust Indenture Act An invaluable guide that will ensure anyone involved in high yield debt issues understands the implications of individual documentary terms and avoids the common pitfalls when drafting and reading high yield debt documentation. Author: David E.Webb, Cleary, Gottlieb, Steen & Hamilton (321 pages)