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Joshua Bunn

Joshua Bunn is an associate at Davis Polk & Wardwell London LLP.

joshua.bunn@davispolk.com

Articles by author

Going public: the impact of IPOs on facility agreements

In this article the authors consider the current state of the initial public offering (IPO) market – including why a company might choose to seek an IPO – and look at the potential impact of an IPO on a company’s facility agreement. They 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.

1 JAN 2024