Equity Sweep
Definition:
A form of Mandatory Prepayment. A provision in a Credit Agreement that requires loans to be prepaid with the proceeds of equity issuances, by either the borrower or a Guarantor, depending on the terms of the Credit Agreement. Equity Sweeps in the form of proceeds of equity issuances by a subsidiary of the borrower or Guarantor are referred to as Asset Sale Sweeps.
You may also like:
-
Q1 M&A Outlook 2025: Onwards and upwards
March 18, 2025 | Blog
-
Expert Spotlight: What’s trending in international capital markets in 2025?
March 17, 2025 | Blog
-
Expert Spotlight: AI’s impact on M&A in the legal sector
March 11, 2025 | Blog
Your complete M&A platform
Datasite provides you one end-to-end platform that supports you across all stages of the deal.
Datasite Intelligence
Find more buyers faster
Datasite Pipeline
Capture opportunities in one place
Datasite Outreach
Optimize your deal marketing
Datasite Prepare
Be ready for any transaction
Datasite Diligence
Trust the premier data room
Datasite Acquire
Trust the premier buy-side data room
Datasite Archive
Preserve and protect your project data