Loan Syndications and Trading News

April 20, 2018 - The LSTA is delighted to announce that the 2018 edition of The International Comparative Legal Guide to: Lending & Secured Finance, published by Global Legal Group, is now live and available on our website for LSTA members under "Events and Education - LSTA Publications". The LSTA will also be sending a hard copy of the Guide to our primary contact for each member.

April 19, 2018 - On April 12th, Tess Virmani (LSTA) moderated the "Current State of the Syndicated Loan Market" CLE at the ABA Business Law Section's Spring Meeting in Orlando, which looked at deal term trends and recent policy developments in the corporate loan market. On the legal side, she was joined by Clifton Prabhu (HSBC), Kepler Geertsema (Citigroup) and Melissa Langsdorf (Antares Capital), as well as Ted Basta (LSTA) and Glenn Stewart (SunTrust Robinson Humphrey) who offered the market perspective.

April 19, 2018 - Since the Comptroller of the Currency spoke at Las Vegas in February, rumors have been flying that Leveraged Lending Guidance is dead. In fact, it is not. Below, we discuss what the Comptroller said in his speech as well as recap what we’ve heard – from very good sources – about the future of the Guidance.

April 19, 2018 - On April 3, 2018, the New York Federal Reserve Bank (FRBNY) began publishing SOFR, the Secured Overnight Financing Rate, which is a potential replacement for LIBOR. Unfortunately, shortly thereafter, the FRBNY determined that the volumes of SOFR trades – around $850 billion daily – appeared too high.

March 9, 2018 (updated on April 17, 2018) - Last month, the Senate Committee on the Judiciary’s subcommittee on Oversight, Agency Action, Federal Rights and Federal Courts held a hearing on small company bankruptcy.  Senator Ben Sasse (R. Nebraska) opened the hearing by noting that Chapter 11 is far too costly and complex for small family businesses and is in need of reform, a sentiment shared by all of the panelists.

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