SVB LSTA - PPT Outline v6 - 4869-1250-4151 6

On Friday, March 10, 2023, the FDIC was appointed a receiver of Silicon Valley Bank (SVB). This receivership has far-reaching effects on companies across many sectors. Our team of experts from Sidley discussed points of consideration for companies interfacing with a bank in receivership. They also examined the LSTA’s Defaulting Lender Provision and discussed what parties can do if SVB is considered a defaulting lender in their syndicate. Presented by Thomas R. Califano, Michael D. Lewis, Ellen P. Pesch, and Joshua W. Thompson, all Partners from Sidley Austin LLP.


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The End of the ARRC

The End of the ARRC! If the quasi-public sector body has wound itself down, that’s a good sign that we’re done with LIBOR transition.