The LSTA recently launched two new primary market projects, and for the first time, we will be collaborating on those projects with members of the Commercial Finance Committee of the American Bar Association – of which I was recently appointed Chair. The first project, which is the subject of this short article, is the creation of a new form: the LSTA Form of Emerging Business Credit Agreement. The second project is an update to the ABA’s Form of First Lien / Second Lien Intercreditor Agreement (the “Intercreditor Agreement”).


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