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LSTA Newsletter: April 12, 2019

This week we cover Petsmart (Ruff!); Mnuchin & Loans; FYI on KYC; March Secondary; LIBOR Anniversary & ABA Recap

PetSmart’s “Ruff” Amendment Process

Last week, the loan market was roiled by an unusual and aggressive process for a proposed amendment of loans to PetSmart.  By failing to follow published LSTA amendment guidelines, the process resulted in significant uncertainty and disruption.

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