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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 6-10 of 17 results.
DateTitle/DescriptionFiles
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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Oct 17, 2017

Standard Form of Fronting Letter Agreement

This form sets out the terms upon which the lead arranger sells to the co-arrangers their pro rata share of any late settling primary trades.  Non-Member Price is $2,000. Call (212) 880-3000 to inquire about purchase.

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Jan 8, 2016

Model Credit Agreement Provisions for Latin American Cross-Border Transactions

This form includes select provisions of a New York law governed credit agreement (eg, tax, yield protection, agency, and assignment provisions, etc) for loans made to borrowers in any of Peru, Chile, or Colombia.  Non-Member Price is $2,500. Call (212) 880-3000 to inquire about purchase.

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Dec 22, 2015

LSTA and LMA Joint EU Bail-In Statement December 2015

This is the 2015 Joint Statement published by the LSTA and LMA relating to the release of each Association’s Form of Contractual Recognition Provision.  Non-Member Price is $1,000. Call (212) 880-3000 to inquire about purchase.

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Market Advisories

Displaying 6-8 of 8 results.
DateTitle/DescriptionFiles
Feb 20, 2015

Disqualified Institutions/DQ Lists

This Advisory explains the details of the LSTA’s disqualified institution structure included in the LSTA Model Credit Agreement Provisions.  Members Only

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Aug 23, 2013

No Assignment to Natural Persons

This Advisory addresses the prohibition on the assignment of loans to natural persons.  Available to Non-Members. Call (212) 880-3000 to inquire about receiving this document.

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Feb 15, 2013

Swap Regulations’ Implications for Loan Documentation

This Advisory addresses the implications for loan documentation raised by 2013 regulatory activity relating to the term "swap" and establishing that the guarantee of a swap is itself a "swap.  Members Only.

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Guidelines & Memos

Displaying 6-10 of 16 results.
DateTitle/DescriptionFiles
Nov 16, 2017

LSTA Code of Conduct

Available to Non-Members. Call (212) 880-3000 to inquire about receiving this document.

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Nov 16, 2017

LSTA Confidentiality Principles

Non-member price is $5,000.  Call LSTA @ (212) 880-3000 to inquire about this document.

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Feb 6, 2017

Anti-Corruption Issues in Lending Transactions

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

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Dec 19, 2014

Market Standards for Flood Insurance Processes in Syndicated Lending

Non-Member Price is $2,500. Call (212) 880-3000 to inquire about purchase.

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Jun 6, 2008

Memo - Assessing Counterparty Credit Risk

Members Only.

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Drafts

Displaying 1-1 of 1 result.
DateTitle/DescriptionFiles
Jan 4, 2019

Form of LSTA Leveraged Credit Facilities Term Sheet

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Blacklined Documents

Displaying 1-5 of 5 results.
DateTitle/DescriptionFiles
Mar 7, 2019

US Sanctions Issues in Lending Transactions

Blacklined against the US Sanctions document dated August 1, 2018

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Mar 1, 2019

Form of Agreement Among Lenders (AAL)

Against the Exposure Draft dtd January 30, 2019

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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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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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