Intercreditor Agreements and the Bankruptcy CodeIntercreditor Agreement • October 27th, 2015
Contract Type FiledOctober 27th, 2015There is no set of fixed rules when negotiating intercreditor arrangements as every deal is fact-specific, generally subject to significant negotiation and ultimately dependent on competing business rationales and negotiating leverage. The below outline is a useful tool for understanding the basic mechanics and strategic bankruptcy considerations in negotiating and documenting intercreditor arrangements.