Loan Market Legal & Documentation
Standardizing 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.Search Results
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Simple RFR Multicurrency Concept Document
This concept document generally illustrates a syndicated loan referencing the relevant risk-free rate (RFR) for each currency contemplated in the document (USD, Sterling, Euro, Japanese…
LSTA’s SOFR Concept Credit Agreement – Daily Simple SOFR/Daily Compounded SOFR
Our concept credit agreement describing a term loan referencing daily simple SOFR or daily compounded SOFR (“compound the balance” approach).
IBOR/RFR Multicurrency Concept Document
This document illustrates a multicurrency loan facility bearing interest at USD LIBOR for Dollar, EURIBOR for Euros, TIBOR for Japanese Yen, Daily Simple SONIA for…
CSR Slot-in Rider for Fallback Language Market Advisory
Please find a market advisory which addresses adding a “credit sensitive rate” option as part of the LIBOR fallback language included in syndicated loan and…
Liability Management Transaction: Drafting Fixes
The Advisory summarises the key features of the two main types of LMTs that have been prevalent in our market — the drop-down financing and…
Erroneous Payment Provision
This market advisory addresses the situation where an administrative agent has made an erroneous payment to lenders.
Notice of IBA and FCA Announcements
Form of notice of the IBA and FCA announcements relating to LIBOR transition
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