Loan Market Legal & DocumentationStandardizing loan documentation is a core function of the LSTA. Our suite of primary and secondary loan market documents is consistently updated and augmented each year. Timely market advisories offer guidance and help resolve market issues.
An introduction to commitment letters issued by lenders to borrowers, including the terms contained in commitment letters on which the lenders are prepared to undertake to arrange the financing and make loans.
A Practice Note providing an overview of financing an acquisition by debt using a loan from a bank or other financial institution. This Note also gives a description of the methods of acquiring a business through an asset acquisition, stock acquisition, or merger.
We know that companies and their investors across the financial markets are increasingly focused on how environmental, social and governance (ESG) factors impact their businesses. For many investors and lenders, being aware of the ESG risks a company faces – and the way in which these risks are being addressed – is critical to understanding […]
This provision addresses Europe’s bail-in rule, and parties may choose to include this provision in their primary loan market documents where appropriate.
This document is blacklined against the December 22, 2015 document
Recently, the LSTA took the next step in its efforts to educate market participants on replacement benchmarks by distributing a draft “concept credit agreement” referencing a compounded average of daily SOFRs calculated in arrears (“Compounded SOFR in Arrears”). The key points to highlight in the draft are discussed, but readers should bear in mind that […]
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Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.