Partners Josh Thompson and Michael Chernick (both New York-Finance) participated in the Loan Syndications & Trading Association (LSTA)’s webcast titled “COVID-19 Outbreak and Credit Agreements – What You Need to Know” on Wednesday, March 25 at 4 p.m. ET. The session covered how borrowers and lenders can familiarize themselves with certain provisions of their credit agreements, including material adverse change clauses, relevant representations and potential penalty for breaches, financial covenants and related definitions, as well as notice requirements and drawdowns in a credit facility.

Listen to the replay on-demand.

For more information on the legal and compliance implications of COVID-19, visit Shearman & Sterling’s COVID-19 Resource Center.