CM Law is lender’s counsel on leveraged credit. We represent administrative agents, arrangers, lead lenders, syndicate members, participants and assignees, and direct lenders and credit funds.

Our debt finance transactional work spans broadly syndicated term loans and term loan B facilities, club financings, unitranche and first-lien/second-lien structures, revolving and incremental facilities, and sponsor-backed acquisition financings, refinancings, and recapitalizations. We handle these credits from commitment papers through closing and across the life of the facility, including credit agreements and intercreditor arrangements, security and guarantee packages, amendments, waivers and consents, and assignments and participations.
We work fluently in both LSTA and LMA documentation and are equally comfortable as agent’s counsel on a large syndicate and as lead counsel on a bilateral facility.
Our work on these credits is not only documentary but analytical. Sponsor-backed credit agreements have grown longer and more permissive, and the terms that determine a lender’s position are frequently spread across definitions, baskets, and thresholds that do not read as significant in isolation. Financial institutions come to us to find out what a given agreement actually permits and where they sit in the capital stack. That question arises at origination, when an institution is deciding whether to commit; in the secondary market, when it is buying into a credit; and on paper already held, when the question is what can still be done.
Beyond individual transactions, we help lenders build the legal frameworks by which they evaluate credit across a portfolio: the diligence standards, guardrails, and review disciplines that let an institution assess a book of credits consistently rather than one deal at a time. That work has grown more important as supervisory expectations shift toward measuring institutions against their own documented standards rather than a prescriptive regulatory floor.



