Members joined us to look at the LSTA’s newest form – and first form designed for middle market lending. The speakers covered the context and approach taken by the LSTA when drafting the form, with a particular focus on the different drafting options and alternative formulations available in the agreement. The speakers also highlighted key issues discussed among the committee members during the drafting process.

Topics included:

  • What is a synthetic first lien/second lien unitranche financing?
  • How can practitioners make best use of the form?
  • The effect of bankruptcy and issues that may arise during an insolvency proceeding
  • Variations in voting mechanisms
  • Alternative waterfall trigger events
  • Common permutations of buy-out rights and rights of first offer


Thursday, April 11, 2019
4PM to 5:15PM (ET)|Webcast Only
1.5 CLE Credit|Available for NYS Transitional and Non-Transitional  – Areas of Professional Practice


  • Todd Goren, Partner, Morrison & Foerster LLP
  • Min Heo, Associate, Morrison & Foerster LLP
  • Geoffrey Peck, Partner, Morrison & Foerster LLP
  • Tess Virmani, LSTA, Intro

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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.

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