The J. Crew blocker provision aims to limit a company's ability to transfer assets, particularly intellectual property, to unrestricted subsidiaries.

The provision is inserted in some bonds and loans following incidents like J. Crew, Travel Port, and Cirque du Soleil, where these companies transferred their IP to unrestricted subsidiaries. The purpose of the provision is to protect investors by preventing such transfers and ensuring that collateral assets remain under the control of the restricted group. The J. Crew blocker provision has been seen in secured retail issuances, cruise lines, and credit agreements.