On Wednesday, July 23, 2014, LSTA published the third draft of the TXU Advisory.
On Tuesday, July 22, 2014, the LSTA announced their Keynote Speakers for the 19th Annual Conference taking place on Thursday, October 23rd.
After tallying an eight- month low 0.11% return in April, the S&P/LSTA Leveraged Loan Index (LLI) stormed back in May and again in June by returning 0.69% and 0.58% respectively. In total, loans tallied a 1.4% second quarter return and are now up 2.6% across the first half of 2014.
On July 8, 2014, the LSTA launched their new website. The new and improved website was created to enhance the online experience of not only LSTA members but also anyone who is "searching" for information on the senior secured loan market.
On Tuesday, July 1, 2014 LSTA published a new Form of Fronting Letter. As previously explained in earlier emails, the LSTA's existing version of this form is known as the Co-Arranger Funding Letter and was published in 2005. It had become out of date and no longer represented market practice and thus was comprehensively revised with input from the LSTA's Primary Market Committee.