Intercreditor Agreements Resource Kit

Summary

This resource kit provides an overview of intercreditor agreements. Many companies today use multiple sources of debt financing in their capital structure. For example, in addition to a revolving line of credit for working capital provided by a traditional bank, commercial finance company, or the asset-based lending unit of a commercial bank, a business may also have a term loan or mezzanine loan from a different lender or group of lenders, an acquisition financing from a specialty lender formed by a private equity group or hedge fund, an institutional term loan and/or high yield notes. Additionally, this debt may be secured or unsecured.