Whats Market 2020 Mid-Year Trends in Large Cap and Middle Market Loans

The leveraged loan market started 2020 in a “business as usual” fashion; lenders faced a competitive environment and many borrowers continued to secure flexible terms in their loan agreements.  However, the 2019 novel coronavirus disease (COVID-19)abruptly shifted the landscape.  Since March, M&A lending hasstalled, defaults have soared, and many borrowers have scrambled to draw down under existing revolvers and to address the pandemic in their loan agreements.  More lender-friendly terms have started making a comeback in loan agreements, in many cases being introduced by amendments.


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LSTA Newsletter: October 30, 2020

This week in review Meredith Coffey reviews CLO LIBOR risks and recommendations, Elliot Ganz announces that there are new rules for guidance (including Leveraged Lending…

CLO & LIBOR Risks and Recommendations

CLO practitioners are buckling down to do the hard work of LIBOR transition. First, managers are beginning to remediate their portfolios. Second, rating agencies are…