Direct Placements
Private Placement or Direct Purchase
The negotiated offering of a new issue of bonds directly to one or a limited number of purchasers without using an underwriter.
Lender’s Counsel
An attorney or firm of attorneys engaged to represent the lender in a private placement.
Lender
The entity or entities, typically commercial banks, which purchases the bonds pursuant to a private placement for its own portfolio.
Loan Agreement
In a private placement, the agreement between the issuer and a lender (e.g., a bank) pertaining to the loan of the bond proceeds to the issuer. In conduit financings, the agreement…
Tax Concepts In Bank Direct Purchase And Bank Qualification [Workshop 2022]
In this session, tax law practitioners discuss the tax law issues that arise in bank direct placements and bank loans, with a portion of the session devoted to tax considerations…
Bank Direct Purchase – General Considerations (Non Tax) [Workshop 2022]
In this panel, we discuss structuring and legal considerations that arise in private placement bond issues and bank loans. Topics include: trends in bank loans and other direct-placement financings, such…
Tax Concepts in Bank Direct Purchase and Bank Qualification [Workshop 2021]
In this session, tax law practitioners discuss the tax law issues that arise in bank direct placements and bank loans, with a portion of the session devoted to tax considerations…
Bank Direct Purchase – General Considerations (Non-Tax) [Workshop 2021]
This session discussed structuring and securities and general law considerations that arise in private placement issues and bank loans. Topics include: trends in bank loans and other direct-placement financings, such…
Statement of Support for Additional Tax Tools to Help Local Governments and
Statement urging Congress to include additional tax tools to help state and local governments in any large domestic policy agenda bill.
Bank Direct Purchases [Essentials 2021]
This session discussed direct purchases (private placements) by banks of bonds, including why issuers want this product, why banks provide this product, documentation requirements, and associated securities law issues.