Once a tool associated with the high-yield bond market, credit portability is becoming increasingly commonplace among syndicated and private credit loans. In M&A deal transactions, credit portability clauses allow for the transfer of existing credit facilities from the seller to the buyer. Portability is an appealing option for private equity firms as they navigate high borrowing costs. What is driving the implementation of these features, and what should market participants keep top-of-mind when negotiating portability clauses? The team at SRS Acquiom offers insights to the risks and rewards associated with portability.
Download the article to learn more about:
- History of Portability
- The Rise of Portability in the Loan Market
- Mechanics of Portability Clauses
- Benefits of Portability
- An example of Portability
Renee is the Managing Director of Loan Agency at SRS Acquiom. Based out of Minnesota, she manages the company’s Loan Agency department.
Before joining SRS Acquiom, Renee served as an administrative vice president at Wilmington Trust, N.A., most recently leading the loan agency and restructuring products. In addition to her 10 years at Wilmington Trust, she also worked at Wells Fargo Bank, N.A. in both the corporate trust and shareholder service departments.
Renee received a J.D. from Mitchell Hamline School of Law, a B.A. in History and Political Science from Azusa Pacific University and is a member of the Minnesota Bar.