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Automated Revolving Credit Facility Presentation

Automated Revolving Credit Facility presented by Doug Landy of Milbank, Michael Rice of OpenLaw, Tess Virmani of LSTA and Aaron Wright of Cardoza Law School.  Intro by Bridget Marsh of LSTA

LSTA Automates its Credit Agreement

On May 10th, the LSTA hosted a webinar to discuss the automation of the LSTA’s Form of Revolving Credit Facility (the “LSTA Revolver”) using OpenLaw’s open source markup language. LSTA’s Bridget Marsh and Tess Virmani were joined by Aaron Wright of Cardozo Law, Michael Rice of OpenLaw, and Douglas Landy of Milbank to discuss the pros and cons of automating the LSTA Revolver and different lessons learned during the exercise.

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