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Clifford Chance

Clifford Chance

Briefings

A Slice Of MFN With That Incremental Loan

6 June 2017

In recent trends, borrowers have been negotiating expansive exceptions to most favored nation ("MFN") clauses for incremental loans in order to optimize flexibility and minimize costs for future financings.  As described herein, the ever-lasting issuers' market has emboldened borrowers and developed the precedent for a growing list of MFN exceptions.

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