This edition of Loans Magazine provides members with valuable content on the latest developments in and around the loan market. It begins with Lee Shaiman’s letter to membership followed by a 2023 Executive Summary on Loan Market Performance. We then turn to LIBOR cessation, 6 arduous years in the making, and how that has and will continue to impact the loan market. We continue with an update on LSTA public policy & advocacy efforts with an article detailing the specifics of the widely anticipated Kirschner Case followed by a comprehensive look at market identifiers. This edition then concludes with an introspective look at Liability Management Transactions and a round-up of the growing support surrounding the ESG Integrated Disclosure Project.