Cannabis: Banking & Investing

June 19, 2019
The cannabis industry is growing quickly, with many opportunities for investors. Yet the patchwork of state laws and the fact that cannabis remains illegal at the federal level make it tricky to navigate this new landscape. Presented by Matthew Kittay, Partner, Fox Rothschild and Bridget Marsh, EVP & Deputy General Counsel, LSTA. Presentation available to LSTA Members.

Energy Finance: Bi-Annual Update

June 18, 2019
Energy finance practitioners discussed current energy finance topics, including the latest trends in upstream oil and gas and renewables finance and monetization transactions and the latest trends in LNG markets. Presented by Kraig Grahmann, Partner, Chair of Energy Finance Group, Bridget Marsh, EVP & Deputy General Counsel, LSTA, Jeff Nichols, Co-Chair of Energy Practice Group, Gil Porter, Co-Chair of Projects Practice Group and Katy Shurin, Partner, Commodity Trading Practice Group. Presentation available to LSTA Members.

Revisting Impact of Tax Reform on the Loan Market

June 13, 2019
It has been 18 months since the Tax Cuts and Jobs Act was enacted which has ushered in sweeping tax reform. Our expert speakers detailed the key changes relevant to financings in their webcast last year, but much of the detail was going to be revealed in the implementing rules and regulations. Since then several relevant rulemakings have been proposed and some finalized. Presented by Jiyeon Lee-Lim, Partner, Latham & Watkins, Elena Romanova, Partner, Latham & Watkins, Jane Summers, Partner, Latham & Watkins and Tess Virmani, Associate General Counsel & SVP, Public Policy, LSTA. Presentation available to LSTA Members.

LSTA Automated Revolving Credit Facility

May 10, 2019
Ever imagine how much work could be saved in the loan market if credit agreements could be negotiated and executed on the blockchain (as they have done in Europe) and were automated, pulling in data from oracles, automatically testing covenants and calculating interest payments? Members joined us as we explained how the LSTA Form of Revolving Credit Facility has been automated and can now achieve that. Presented by Doug Landy, Milbank, Bridget Marsh, LSTA, Michael Rice, OpenLaw, Tess Virmani, LSTA and Aaron Wright, Cardozo Law School. Presentation available to LSTA Members.

Leaving LIBOR: ARRC Recommendations for Syndicated Loan Fallback Language

May 8, 2019
No one can be surprised that LIBOR may be going away – and everyone should be making preparations because LIBOR cessation could disrupt $200 trillion of U.S. dollar LIBOR contracts, including more than $4 trillion of syndicated loans and $600 billion of CLOs. Presented by Meredith Coffey, EVP - Research and Public Policy, LSTA, Jeffrey Nagle, Partner, Cadwalader, Wickersham & Taft LLP and Tess Virmani, Associate General Counsel & SVP, Public Policy, LSTA.

QFC Stay Rules and the LSTA Rider

May 2, 2019
The U.S. Banking Agencies have issued final QFC Stay Rules which are designed to improve the resolvability and resilience of U.S. global systemically important banking organizations (G-SIBs) and the U.S. operations of foreign G-SIBs by mitigating the risk of destabilizing closeouts of qualified financial contracts (QFCs). The QFC Stay Rules require GSIBs to include new language in certain credit agreements if the related loan documents also support the borrower’s obligations under swaps or other qualified financial contracts. Our speakers reviewed the LSTA's new language and explained how it satisfies the requirements of the QFC Rules. Presented by Bridget Marsh, LSTA, Gabriel Rosenberg, Partner, Davis Polk and Erika White, Counsel, Davis Polk. Presentation available for LSTA Members.

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