Mar 08, 2026
3 Comments
 

Based on the most helpful WSO content, here are some excellent books and resources to get started with credit agreements and documentation:

  1. LSTA's Complete Credit Agreement Guide

    • This is an excellent yet comprehensive reference for understanding credit agreements. It's highly recommended for anyone looking to dive deep into the structure and nuances of these documents.
  2. A Pragmatist's Guide to Leveraged Finance by Bob Kricheff

    • While more qualitative, this book provides a solid overview of leveraged finance concepts, including credit agreements. It's a good starting point for understanding the basics.
  3. Loan Workouts and Debt for Equity Swaps

    • A relatively short book that offers a good overview of the process, including credit documentation aspects.
  4. Leveraged Finance by Fabozzi

    • This book provides a decent overview with a focus on leveraged loans and CLOs, which often involve detailed credit agreements.
  5. Distressed Debt Analysis by Stephen Moyer

    • While focused on distressed debt, this book is valuable for understanding covenants and other critical elements of credit agreements.

For practicing, you can also look at real-world examples: - Check out 8-K filings released on the day of debt instrument issuances, as they often include credit agreements or indentures. Focus on sections like negative covenants and financial maintenance covenants. - Review 10-K/10-Q filings, which sometimes include a "Covenant" section summarizing key terms.

These resources should give you a strong foundation and practical insights into credit documentation.

Sources: https://www.wallstreetoasis.com/forum/asset-management/what-are-the-best-books-on-credit-investing?customgpt=1, Private Credit Resources and Prep, Debt financing questions

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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