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Loan Market Legal & Documentation

Standardizing loan documentation is a core function of the LSTA. Our suite of primary and secondary loan market documents is consistently updated and augmented each year. Timely market advisories offer guidance and help resolve market issues.

Standard Docs

Displaying 1-5 of 16 results.
DateTitle/DescriptionFiles
Oct 16, 2018

Model Credit Agreement Provisions for Investment Grade Revolving Credit Financings

This form includes select provisions (eg, tax, yield protection, agency, and assignment provisions, etc) to be included in a New York Law governed credit agreement. Non-Member Price is $5,000. Call (212) 880-3000 to inquire about purchase.

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May 31, 2018

Administrative Details Form ("ADF")

This is the form used by administrative agents when a lender joins the syndicate and must provide the agent with its contact details, wiring instructions, etc.  Non-Member Price is $1,000. Call (212) 880-3000 to inquire about purchase.

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May 11, 2018

Certification Regarding Beneficial Owners of Legal Entity Customers

This form of certification has been tailored for syndicated loan transactions and requests the information which covered financial institutions are required to obtain under FinCEN’s customer due diligence rules from legal entity customers about certain of their beneficial owners.

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Apr 2, 2018

LSTA Form of Incremental Facility Amendment to Credit Agreement

This form contemplates the creation of a new tranche of loans or an increase in an existing tranche. It sets out the conditions precedent to the funding of the new loans and is executed by the borrower, administrative agent, guarantors, and lenders that will provide the new loans.

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Oct 19, 2017

Form of Credit Agreement

This is a form of revolving credit facility for investment grade borrowers.  Non-Member Price is $7,500. Call (212) 880-3000 to inquire about purchase.

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Market Advisories

Displaying 1-5 of 8 results.
DateTitle/DescriptionFiles
Oct 10, 2018

Divisons by Delaware LLCs

This Advisory explains the amendment to the Delaware Limited Liability Act, which allows any Delaware limited liability company to divide into two or more limited liability companies pursuant to a plan of division, explains how it could impact credit agreements, and sets out draft credit agreement language. Members Only.

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Aug 10, 2018

New ERISA Representations for LSTA MCAPs

This Advisory replaces the guidance contained in the LSTA's September 2017 advisory on ERISA representations required under the Department of Labor (DOL)'s 2016 Fiduciary Rule.  Members Only

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May 11, 2018

FinCen's Customer Due Diligence Rule - Certification Regarding Beneficial Owners of Legal Entity Customers

This form of certification has been tailored for syndicated loan transactions and requests the information which covered financial institutions are required to obtain under FinCEN’s customer due diligence rules from legal entity customers about certain of their beneficial owners.

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Aug 7, 2017

Pro Rata Provisions in Credit Agreements

This Advisory highlights how pro rata provisions in a credit agreement may typically be modified.  Members Only

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Sep 22, 2015

Bail-in Rule Advisory

This Advisory sets out the LSTA’s initial analysis of the potential implications for U.S. loan documentation of the European "bail-in" rules that took effect in 2016.  Members Only

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Guidelines & Memos

Displaying 1-5 of 16 results.
DateTitle/DescriptionFiles
Oct 22, 2018

Know Your Customer Considerations for Syndicated Lending and Loans ("KYC Guidelines")

Call LSTA @ (212) 880-3000 to inquire about this document.

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Aug 1, 2018

US Sanctions Issues in Lending Transactions

Call LSTA @ (212) 880-3000 to inquire about this document.

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Apr 2, 2018

Blockchain and Distributed Ledger Technology: An Analysis of its Impact on the Syndicated Loan Market

Part Three: Application of Blockchain Technology to the Loan Market.  Members Only

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Mar 1, 2018

Blockchain and Distributed Ledger Technology: An Analysis of its Impact on the Syndicated Loan Market

Part Two: Smart Contracts.  Members Only

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Feb 1, 2018

Blockchain and Distributed Ledger Technology: An Analysis of its Impact on the Syndicated Loan Market

Part One: General Considerations and Blockchain Primer.  Members Only

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Drafts

Displaying 1-3 of 3 results.
DateTitle/DescriptionFiles
Dec 10, 2018

Form of LSTA Leveraged Credit Facilities Term Sheet

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Nov 30, 2018

Form of Agreement Among Lenders (AAL)

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Nov 30, 2018

Form of Agreement Among Lenders (AAL) - Blacklined

Against the draft dtd June 25, 2018

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Blacklined Documents

Displaying 1-4 of 4 results.
DateTitle/DescriptionFiles
Oct 10, 2018

Divisons by Delaware LLCs

Blacklined against the draft dtd September 28, 2018

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Aug 10, 2018

Blacklined - New ERISA Representations for LSTA MCAPs

Against the draft dtd July 13, 2018

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Aug 1, 2018

US Sanctions Issues in Lending Transactions

Blacklined against the US Sanctions document dated December 6, 2017

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May 11, 2018

Revisions of LSTA's Form of Revolving Credit Facility

Certain revisions to the LSTA's Form of Revolving Credit Facility which address this issue (for example, the conditions precedent have been expanded to reference this and a covenant has also been included which requires the borrower to deliver the certificate).

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