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Events

UPCOMING EVENT
17 June 2026
14:00–15:00 hrs
Zoom webinar

ELFA Seminar Series with Covenant Review: Intercreditor Agreements and LMEs

ELFA is delighted to invite all our members to a Seminar Series webinar with our partners at Covenant Review on Wednesday 17th June on Intercreditor Agreements and LMEs.

Intercreditor agreements (ICAs) historically operated quietly in the background, attracting little investor attention compared to the underlying credit agreements and indentures. This is now changing, as more companies are using the distressed disposal provisions in English law-governed ICAs to facilitate LMEs, with varying outcomes for creditors.

In this webinar, we will examine distressed disposal mechanics and explain how they have been used in the LME context, including practical takeaways on what to look for and push back on in deal documents.

Topics for discussion will include:

  • Overview of distressed disposal provisions in English law ICAs
  • “ICA drags”: using the distressed disposal mechanic to facilitate LMEs
  • Case study: the Selecta LME and related litigation
  • Cross-border considerations: considering the interplay between NY law indentures and English law ICAs and implications for litigation
  • Investor impact and potential protection

Chaired by: Dermot MacNamara, Senior Credit Analyst, Muzinich & Co and Co-Chair, ELFA Restructuring Committee

Speakers: Jane Gray, Head of European Research, Covenant Review

Shoshanna Harrow, Senior Director, Covenant Review

Zachary Rosenbaum, Partner, Kobre & Kim LLP

Kiran Unni, Partner, Kobre & Kim LLP

Join us for this important discussion of intercreditor agreements and their use in LMEs, and take away some useful tips for what to look out for in your analysis of future deal documentation.

This event is for ELFA members and Covenant Review clients only.

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UPCOMING EVENTS
ELFA Supported
SuperReturn International
8–12 June 2026
09:00–17:00 hrs
InterContinental Hotel Berlin

ELFA is pleased to be supporting SuperReturn International on 8-12 June 2026 in Berlin.

ELFA Private Credit Committee
ELFA Private Credit Committee Roundtable: The Evolution of European Private Credit and Assessing the Impact of AI Disruption
16 June 2026
12:15–14:00 hrs
London

The ELFA Private Credit Committee is pleased to invite all members to their next in-person roundtable: The Evolution of European Private Credit and Assessing the Impact of AI Disruption Roundtable on Tuesday 16th June from 12.15-2pm, kindly hosted at Houlihan Lokey’s office in London.

ELFA Seminar Series
ELFA Seminar Series with Covenant Review: Intercreditor Agreements and LMEs
17 June 2026
14:00–15:00 hrs
Zoom webinar

ELFA is delighted to invite all our members to a Seminar Series webinar with our partners at Covenant Review on Wednesday 17th June on Intercreditor Agreements and LMEs.