Equity Cure Provisions in Q3+Q4 2017 Syndicated and Secured Banking Deals

A Deal Terms Study, Created Using Kira Machine Learning Contract Analysis Software

To test Kira’s provision models, we identified a set of 117 credit agreements from EDGAR using the following parameters:

• Syndicated and secured credit agreements,
• With lender commitments of between $25M and $500M,
• Dated between July 1 and December 31, 2017

We imported these agreements into Kira and reviewed the results. Within minutes, and with no additional training, Kira was able to accurately identify the various financial covenants and equity cure provisions in each of the credit agreements.

Download the full report now to read our complete findings on the prevalence of and variation in equity cure provisions in U.S. credit agreements publicly led in Q3 and Q4 of 2017.