Ontario Bar Association Institute Recap

February 7, 2017 - On Tuesday, LSTA Deputy General Counsel, Bridget Marsh, participated on a panel on “Canadian and US Syndicated Lending” at the Ontario Bar Association Institute in Toronto.  The panel, moderated by Hank White of Thomson Reuters, also included Martin Racicot of Fasken Martineau, and focused on the differences between syndicated lending practices in both jurisdictions. The Canadian loan market is still dominated by a handful of banks which typically hold loans until maturity because those banks are relationship lenders (not yield-oriented investors) and rarely sell those loans in the secondary market.  Consequently, Canadian credit agreement terms are more conservative, and flex rights would rarely if ever be relied upon to clear market.  Click here to view the presentation.

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