Considerations For Cooperation Contracts In Loan Trades

By Robert Waldner (June 18, 2024, 5:02 PM EDT) -- Increasingly, lenders of syndicated bank loans have been entering into defense-oriented so-called cooperation agreements, which restrict each cooperating lender's ability to act outside the group to cut a deal with the borrower or the noncooperating lenders at the expense of the other lenders party to the cooperation agreement....

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