Wilmington Trust

https://www.wilmingtontrust.com/wtcom/

Chris Monigle
cmonigle@wilmingtontrust.com
(302) 636-6244
Joshua Stowell
jstowell@wilmingtontrust.com
(617) 457-2067

Wilmington Trust is a leading provider of services to the loan market including independent loan agency services in the U.S. and Europe and a full range of CLO & Loan Administration services in the U.S.

Our global loan agency platform—experienced staff, operational processes and controls, and technology—make us the agent of choice for numerous banks, funds, debt advisors and lawyers in the loan market. We act as administrative and collateral agent on new originations and successor appointments. Our non-lender role in transactions enables us to act as a neutral, impartial agent. We have been a part of some of largest and most complex restructurings in the U.S. and Europe.

Delivering a new approach to CLO Trustee and Collateral Administration services – By leveraging the Power of technology, Wilmington Trust employs automation to enhance the Accuracy and Delivery of critical reporting and data to our clients.

Automated Loan Notice Processing & Tagging

Comprehensive Real-Time Cash Reconciliation & Wire Matching

Dynamic Global Loan Data Validation

For more insight on how we’ve successfully helped clients contact one of our experienced professionals or visit us at wilmingtontrust.com

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.

View a list of all members.

This week, we start off talking about how “loans as securities” might morph into “loans as direct loans”. On a related(ish) note, we also discuss direct lending trends. We dig into LBO trends, looking at now (2019) and then (2007). And, finally, we ponder the evolution to SOFR (and, specifically, cash spread adjustments).

An eternal question is “How do the current crop of leveraged loans compare to the 2007 vintage?” Today we have an answer. Covenant Review recently compared recent jumbo LBOs to their pre-crisis counterparts

This week Rich Levin of Jenner & Block once again presented his quarterly review of recent court decisions of interest and importance to the lending and bankruptcy world.

Folks that know LIBOR is likely to end soon after December 2021 probably also know that SOFR, the likely replacement for USD loans, is a different kind of rate. While LIBOR theoretically includes an element of bank credit risk, SOFR is an overnight risk free rate.

We’ve been closely following a case, Kirschner v. JP Morgan, which raises the issue of whether broadly syndicated term loans (“BSLs”) are subject to the securities laws.

This webcast replay is for the Recent Developments in Bankruptcy Law Quarterly Webinar that took place on Tuesday, February 11th. This replay will available until February 11th, 2021. You will not get CLE Credit for listening to replay.

An introduction to commitment letters issued by lenders to borrowers, including the terms contained in commitment letters on which the lenders are prepared to undertake to arrange the financing and make loans.

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Daily S&P/LSTA LLI 100 Pricing File

Daily S&P/LSTA Leveraged Loan 100 Index Stats

LBOs: Less Leverage? More Flex!

RentPath, LLC

Quarterly Bankruptcy Roundup

LIBOR & SOFR: Spread Adjustments

Direct Loans: A Look Into The Future?

Recent Developments in Bankruptcy Law Quarterly Webinar – February 11th Webcast Replay

Practical Law – Commitment Letters Overview: Lending