Pages from Covenant Review - Coronavirus Outbreak and MAC Clauses - Post-Closing Lender Funding Obligations Under U.S. Credit Agreements (1)

The coronavirus (COVID-19) (“Coronavirus” or “COVID-19”) pandemic has driven lenders to take a closer look at their portfolios; credits in the entertainment, events, travel, and tourism industries remain a focus. But given overall market volatility and potential for a recession, the economic fallout of the coronavirus (COVID-19) pandemic appears to be spreading to other business sectors as well.


Become a Member

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.

View Current Members

Our Partners

CUSIPFitch Group logoRefinitiv-(March-2019)SP-Global-Market-Intelligence
Total Results: 

Sort by:

Credit Metrics: Better & More Aggressive

By Meredith Coffey. It’s the old good news/bad news story. On the good news side, the credit outlook for leveraged loans has improved dramatically as…

(Term) SOFR First?

By Meredith Coffey. Last week might have been a pivotal one for LIBOR transition. On Tuesday, collective announcements by the CFTC and the ARRC indicated…