This week we cover Annual Meeting Recap, Where are Covenants Going?, Standard Terms for Incremental Facility Amendments, and Bankruptcy Venue Reform
As reported in the WSJ, in a move that could have profound implications for the leveraged loan market, early last week Senators John Cornyn, Republican of Texas, and Elizabeth Warren, Democrat of Massachusetts, introduced a bill called the Bankruptcy Venue Reform Act of 2017. The bill would require companies that file for bankruptcy protection to bring their cases where they have their principal assets or their principal executive offices.
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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.