Market Trends 2020/21: Split Collateral Intercreditor Agreements

Summary

This practice note provides an overview of common deal terms in split collateral intercreditor agreements and discusses current market trends in publicly filed split collateral intercreditor agreements since the second half of 2020. Split collateral intercreditor agreements define the scope of the obligations owing to each lender in connection with shared collateral under a split collateral arrangement. This practice note includes links to additional practical guidance.