Pages from The Kirschner Case (June 4, 2020)

In a decision of great importance to syndicated loan market, Judge Paul Gardephe of the Southern District of New York recently ruled that syndicated institutional term loans are not securities. This webinar discussed the background of the case and why it was so important, what the decision actually says, whether or not it is likely that the decision will be appealed, and what the decision means for the future of the syndicated loan market.

Speakers were Elliot Ganz, General Counsel, LSTA, Moderator, Greg Laufer, Partner, Paul, Weiss, Rifkind, Wharton & Garrison LLP, Yoon-Young Lee, Partner, WilmerHale and Richard Tarlowe, Partner, Paul, Weiss, Rifkind, Wharton & Garrison LLP.

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Term SOFR: Loans, CLOs in Scope!

By Meredith Coffey. This morning, the ARRC released best practice recommendations for the use of a SOFR Term Rate.