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"In hindsight, they didn't understand their credit agreements.
So, it likely has sponsor precedent language requiring that the final credit agreements be negotiated by reference to prior credit agreements agreed to by the private equity firms.
So joint debts, mortgage arrears, shared pensions or issues with other credit agreements linger on".
Companies need to bear this issue in mind when they draft credit agreements.
You will also be asked to provide some information such as details of any credit agreements.
They also accuse D.H.L. Worldwide of backing loans and other credit agreements made by D.H.L. Airways.
Those announcements prompted the company to default on some revolving credit agreements.
The dragons lurking in the fine print of some credit agreements are enough to give you heart failure.
It said on Tuesday that its offer would be largely financed by its cash on hand and existing credit agreements.
Companies entering into indentures and credit agreements should also take this change into consideration.
"The charge will not affect the company's current earnings nor the financial covenants in its credit agreements," Northwest said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com