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Loan Syndications and Trading News

August 16, 2018 - As we reported recently, terms have been moving somewhat in favor of lenders in the past several months. Covenant flex has favored lenders and spreads have widened.

August 16, 2018 - Managing Risk. Optimizing the Future.  These are the themes of the LSTA Annual Loan Conference on October 24th – and, indeed, of the loan market today. There are many ways that we are managing risk: At the highest level, we are managing economic uncertainty, trade friction and geopolitical risk.

August 16, 2018 - Have we all been asking the wrong question? When it comes to predicting the next downturn, there have been countless articles discussing what inning we are in – enough already! – and comparing today’s loan terms to those in 2007.

August 13, 2018 - On August 10th, the LSTA advisory published its new New ERISA Representations for LSTA MCAPs” market advisory. This advisory replaces the guidance contained in the LSTA’s September 2017 advisory on ERISA representations required under the Department of Labor (DOL)’s 2016 Fiduciary Rule. As previously advised, the DOL’s 2016 Fiduciary Rule has been vacated and no longer applies in the US, and therefore the scope of the ERISA representations required from lenders is significantly narrowed.

August 9, 2018 - Fiery headlines notwithstanding, syndicated loan terms apparently are not the easiest they have ever been. How do we know? The Federal Reserve told us (and Senior Loan Officers told them).

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