Liability Management Transaction: Drafting Fixes
The Advisory summarizes the key features of the two main types of LMTs that have been prevalent in our market — the drop-down financing and…
LSTA may issue Market Advisories which address certain primary market practices. Timely market advisories offer guidance and help resolve market issues.
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Replacement of TARGET2 Market Advisory (May 2 2023)
This advisory looks to highlight a recent change to the real-time gross settlement system for euros and communicate to members the drafting implications for two…
Best Practice for LIBOR Remediation Amendments Market Advisory
This advisory serves as a single resource reminding members about LSTA guidance on amendments and specific considerations to keep in mind with respect to LIBOR…
Market Advisory on FIRPTA
This Market Advisory discusses the implications of The Foreign Investment in Real Property Tax Act (“FIRPTA”) in the secondary loan trading market. The blackline, against…
DQ Structure
This Advisory explains the details of the LSTA’s disqualified institution structure included in the LSTA Model Credit Agreement Provisions.
CSR Fallback Language Market Advisory
This market advisory sets forth model fallback language provisions for use in a BSBY-referenced credit agreement (“BSBY Fallback Language”). The blackline, against the draft dated…
LIBOR Transition Checklist Market Advisory
This Market Advisory will address certain key considerations in the countdown to 2022 as market participants prepare for the next phase in the LIBOR transition. …
Participation Provisions in Credit Agreements Market Advisory
This advisory highlights the risks associated with departing from LSTA participation language in credit agreements.
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…
LIBOR Fallback Language Amendment Fees
This advisory addresses certain amendment transactions to amend LIBOR-referenced loans whose maturity date extends beyond December 31, 2021 to include ARRC hardwired fallback language.
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