Going public: The impact of IPOs on facility agreements
ΒιΆΉΘλΏΪ partner Dan Hirschovits, counsel Aaron Ferner and associate Joshua Bunn authored βGoing public: The impact of IPOs on facility agreementsβ in Butterworths Journal of International Banking and Financial Law. In the article, they discuss the current state of the initial public offering market β including why a company might choose to seek an IPO β and look at the potential impact of an IPO on a companyβs facility agreement.
They also explain how IPOs are typically regulated in corporate facility agreements and explore the mechanisms that sponsor-backed companies and their lenders often employ to automatically modify the terms of a leveraged financing so that it remains suitable for a publicly traded company post-IPO.
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