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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 11-15 of 20 results.
DateTitle/DescriptionFiles
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. 

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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. 

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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. 

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Dec 22, 2015

LSTA Form of Contractual Recognition Provision

This provision addresses Europe’s bail-in rule, and parties may choose to include this provision in their primary loan market documents where appropriate. 

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Aug 8, 2014

Model Credit Agreement Provisions

This form includes select provisions of a New York law governed credit agreement (eg, tax, yield protection, agency, assignment, defaulting lender, and disqualified institution provisions, etc) and are suitable primarily for leveraged finance transactions. 

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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 11-15 of 16 results.
DateTitle/DescriptionFiles
Oct 1, 2007

User's Guide to the Physical Settlement Rider for Syndicated Secured Loan Credit Defaults Swaps

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

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May 22, 2006

Agency Splash Page Principles

Members Only.

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May 18, 2005

Primary Market and Agent Transfer Practices

Members Only.

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May 19, 2003

Guidance Note and Confidentiality Legends for Distribution of Bank Books

Members Only.

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Apr 21, 2003

Standard Amendment Procedures

Non-Member Price is $1,000

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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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