This week we cover SOFR Snafu, Guidance Rumors, Small Company Bankruptcy Reform, and the LSTA’s ABA Panel
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.
At the ABA Business Law Section Annual Meeting in Chicago, the Syndications and Lender Relations Subcommittee sponsored two excellent programs on the middle market. The Subcommittee, led by Maria Barclay (Chair, Practical Law) and Tess Virmani (Vice-Chair, LSTA) invited Jane Summers and Andrew Fayé, partners at Latham & Watkins, and Kate Grimm, Associate General Counsel at Antares Capital, to present “It’s Always Better to Be Direct: A Guide to Direct Lending”.
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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.