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