Introduction to Intercreditor Agreements

Course Introduction

The Introduction to Intercreditor Agreements course is a comprehensive program designed for financial and legal professionals seeking to deepen their understanding of debt structuring and creditor relationships.

This course provides a thorough exploration of intercreditor agreements (ICAs), equipping participants with both the knowledge and practical skills necessary to analyze, negotiate, and manage these critical financial instruments. Across 24 structured lessons, the course guides learners from foundational concepts to practical application, culminating in a final quiz to consolidate learning.

Why This Course Matters

Intercreditor agreements are essential tools for managing creditor priorities, enforcing rights, and ensuring transparency in complex debt structures. Understanding ICAs is crucial for professionals involved in syndicated lending, leveraged finance, and structured debt transactions. This course enables participants to navigate subordination principles, control enforcement mechanisms, and evaluate key provisions with confidence, ultimately enhancing proficiency in creditor negotiations and debt structuring.

Course Overview

The program is divided into 24 lessons, covering every aspect of intercreditor agreements:

Participants begin with an introduction to ICAs, exploring their importance, the situations in which they are required, and the key concepts underpinning these agreements. The course then moves into detailed coverage of subordination principles, including types of subordination, structuring strategies, and alternatives such as subordination agreements. Learners gain insight into the roles and interests of different parties to ICAs, which is critical for effective negotiation.

The course also delves into ICA structures and essential provisions, including ranking, payment waterfalls, and restrictions on amendments. Participants learn enforcement strategies, including standstill periods, payment blockages, and mechanisms for controlling creditor actions. Later lessons focus on the release of security, options to purchase, and practical guidance on analyzing ICAs in real-world scenarios. Each topic is carefully structured to build both theoretical understanding and practical application.

What You Will Take Away

By the end of the course, participants will be able to understand the structure and purpose of intercreditor agreements, including the roles of different creditors and parties involved. They will be able to analyze subordination arrangements, evaluate ranking and payment waterfall provisions, and develop enforcement strategies that align with creditor interests. Learners will also acquire the skills to control enforcement, manage standstill periods and payment blockages, and apply these insights to negotiate and analyze ICAs effectively. Through this knowledge, participants will enhance their capability to navigate complex creditor relationships and strengthen their expertise in debt structuring.

Who the Course Is For

This course is suitable for financial and legal professionals involved in syndicated lending, leveraged finance, or structured debt transactions who want to deepen their understanding of intercreditor agreements. It is ideal for junior analysts, legal associates, mid-level practitioners, and senior professionals seeking both foundational knowledge and practical skills to enhance their negotiation and analytical capabilities in creditor relations.


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