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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 20 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.

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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. 

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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. 

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Market Advisories

Displaying 6-9 of 9 results.
DateTitle/DescriptionFiles
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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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 1-3 of 3 results.
DateTitle/DescriptionFiles
Apr 17, 2019

Form of LSTA Leveraged Credit Facilities Term Sheet

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Apr 17, 2019

Form of LSTA Leveraged Credit Facilities Term Sheet - Blacklined

Against the draft dtd January 4, 2019

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Apr 11, 2019

Application of the U.S. QFC Stay Rules to Credit Agreements

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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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