When a big financing opportunity breaks, legal analysts need answers fast. What does the existing documentation permit? What are the change-of-control provisions? How does the new offering memorandum compare to what's already outstanding, and to recent precedents?
This walkthrough shows how a legal analyst can use 9fin AI to answer those questions and build a defensible documentation view in minutes. We'll use Sealed Air's reported take-private as an illustrative example.
This is the all-in-one workflow 9fin was built for. Grounded in 9fin's proprietary, fully traceable data and original content, you can understand a complex, multi-tranche situation in minutes without switching platforms or rebuilding context. Here's how:
AI Chat: Prompt 1 — Understand what's happening
AI Chat is built to help legal analysts get deal-fluent in a breaking situation — fast. Powered by 9fin's proprietary dataset, including offering memorandums, indentures, credit agreements, filings, and market-leading editorial analysis, it delivers fully cited answers in seconds.
AI Chat instantly surfaces Sealed Air's business overview, capital structure, leverage, and ratings, all in a single query. You can immediately understand what debt is outstanding, when it matures, where the new financing will need to sit in the stack, and what the sponsor must address at closing.
The Thought Process panel traces every response back to 9fin's analysis and data, so you can be confident in every figure in the memo.
AI Chat delivers the full cap table in seconds, including every tranche's security, maturity, rate, and amount, all cited to source.
Covenant Explorer: Prompt 2 — Get fluent on covenant protections
Now you know the situation and capital structure, you turn to Covenant Explorer to review the change-of-control provisions: do bondholders have the right to force the issuer to buy back their bonds when the transaction closes? If so, at what price? And can the sponsor port the existing debt?
A single search on Covenant Explorer surfaces what previously required an afternoon of cross-referencing across 300+ pages of indenture.
Covenant Explorer hosts every indenture, credit agreement, and offering memorandum in one place.
Effortlessly review key baskets and provisions, along with other deal information.
You then check how much capacity the company has to incur additional debt, and whether that debt can be secured — tracing through to 9fin’s Legal QuickTakes and Credit QuickTakes.
For a closer read, AI Chat also returns the underlying basket language with citations back to the indenture.
Ask for a rundown on any covenant question and receive a structured response in seconds.
Prompt 3 — Decode the new LBO financing
The new offering memorandum just dropped. So you use Covenant Explorer to rapidly compare the key terms — ratio debt capacity, builder baskets, permitted investments — against Sealed Air's existing OMs.
Digging deeper, you then use AI Chat to answer specific follow-ups.
Bonds & Loans Screener: Prompt 4 — Compare deal precedents
First, you ask AI Chat to identify the precedent transactions. One prompt builds the precedent set that anchors your documentation view in minutes.
You then use 9fin’s Bonds & Loans Screener to find comparable sponsor deals by size, industry, or leverage profile. Add custom filters or create your own using 9fin’s AI Filters.
In seconds, Bonds & Loans Screener filters the full deal universe by sponsor, sector, purpose, size, and leverage.
Lastly, you benchmark the OM against the precedent set side by side in Covenant Explorer — baskets, definitions, and carve-outs in a single view.
Compare multiple deals in Covenant Explorer.
This workflow is your edge
Before this workflow, a complete picture required hours of fragmented work. Each step involved a different tool, data source, and format.
But with 9fin AI, you can go from breaking news to a defensible documentation view in minutes. AI handles retrieval and synthesis, while you handle the judgement — and can stand behind every output.
Ready to try it yourself?
See how legal analysts use 9fin to move first on the next major financing.
Outputs shown are representative of the platform's capabilities and may not reflect live data.
