This Advisory explains the amendment to the Delaware Limited Liability Act, which allows any Delaware limited liability company to divide into two or more limited liability companies pursuant to a plan of division, explains how it could impact credit agreements, and sets out draft credit agreement language. Members Only.
| File | divisons-by-delaware-limited-liability-companies-october-10-2018.pdf |
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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.
The Federal Reserve Board (the “Fed”) announced this week that it will meet on Thursday, January 30th, to consider a proposed rulemaking regarding the Volcker Rule.
This week we recap secondary trading for 2019, give an update on LIBOR transition in the U.K., and let you know that we’ve published a credit agreement for investment grade term loans.
After recording consecutive record highs during the fourth quarter of last year ($211 billion) and again during the first quarter of this year ($212 billion), secondary loan trading volumes decreased 10% in the second quarter, to $191 billion.
After recording consecutive record highs during the fourth quarter of last year ($211 billion) and again during the first quarter of this year ($212 billion), secondary loan trading volumes decreased 10% in the second quarter, to $191 billion.
This presentation is for the Fourth Quarter 2019 LSTA Secondary Trading & Settlement Study.
LSTA Executive Director Lee Shaiman debunks many of the myths and false narratives about the leveraged loan marketplace in this exclusive op-ed published in Real Clear Markets.
“The intention is that sterling LIBOR will cease to exist after the end of 2021. No firm should plan otherwise.”
Today the LSTA published a new addition to its document library – the LSTA’s Form of Credit Agreement – Investment Grade Term Loan. This form is designed for a standalone term loan for investment grade borrowers.