July 30, 2020 - On Tuesday, the Federal Reserve extended its emergency lending programs until December 31, 2021. While this affects a number of programs, the Term Asset-Backed Securities Lending Facility (TALF) and Main Street Lending Programs (MSLP) were the key programs that directly targeted the leveraged loan and CLO markets. An extension to December 31, 2021 is good news – in fact, it is a specific request that the LSTA made in its original TALF comment letter – however, the programs continue to offer a number of challenges for the loan and CLO markets. We describe these programs (and discuss their challenges) in depth on pps. 72-76 of the summer 2020 edition of the LSTA Loans Magazine.

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.

View Current Members

Our Partners

cusip-global-services-vector-logo.svgFitch Group logoRefinitiv-(March-2019)SP-Global-Market-Intelligence
Total Results: 

Sort by:

ESG Diligence Begins to Take Hold

It is undeniable that companies and their investors across the financial markets, including the loan market, are increasingly focused on how environmental, social and governance…

SOFR: Neophytes to Acolytes?

Last Friday, the Alternative Reference Rates Committee (“ARRC”) released a “SOFR Starter Kit”, a helpful set of fact sheets to turn SOFR neophytes into SOFR…