The Primary Market Committee is the largest committee of the LSTA with more than 450 members. The Committee focuses on current legal issues in the primary market. In 2017, the Committee published the new form of “LSTA Credit Agreement”. In 2019, the Committee is working on a Leveraged Finance Term Sheet and a SOFR Credit Agreement amongst other projects.
Membership of the Committee is open to all LSTA members.
LATEST DRAFT DOCUMENTS
Concept Credit Agreement dated October 1, 2019
Concept Credit Agreement blacklined against a LIBOR-based investment grade term loan
Form of Credit Agreement dated October 9, 2019. Comments due by Thursday, October 31st.
Blackline of the Form of Credit Agreement against the original dated October 19, 2017.
LSTA Form of Investment Grade Revolving Credit Facilities Term Sheet. Comments Due Friday, November 22, 2019.