August 18, 2017 - The LSTA has distributed to members information relating to the Caesar’s Bankruptcy so that those loan market participants who have an interest in that bankruptcy are alerted to information relating to the Caesar’s Election, which was launched on August 16th, and the related Election Procedures. We have attached below (i) a copy of the Election Procedures and would draw your attention to Sections I.D.1 and II.B.1, and (ii) related FAQs and would highlight Questions 14-17, for those parts are particularly relevant for bank debt holders. In addition, we are circulating a Memo which summarizes the procedures to make such an election.
Become a Member
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.