January 25, 2010
Acquisition Financing in 2010: Trends from 2009
2009 was a tumultuous year for acquisition financings. It began in the shadow of the credit crisis and ended with a promising uptick in LBO and other financing activity. In this memo, Davis Polk takes a look at the trends in acquisition financing documentation and negotiating dynamics that emerged from this dramatic year and attempt to draw some tentative conclusions about what 2010 may bring.