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Bankruptcy and Litigation Claims Recap

On March 15th the LSTA hosted a webinar on Bankruptcy and Litigation Claims presented by Justin Brass of Burford Capital and John Mills and Timothy Bennett of Seyfarth Shaw.  Trading in claims in bankruptcy cases is simply cashing out at a substantial discount  a creditor who cannot, or does not have the patience to, await a promised payout from a bankruptcy case.  Most opportunities for sourcing those claims arise in the Southern District of New York and Delaware; however, given last year’s turmoil in the oil & gas industry, there has been an increase in the number of related claims opportunities  in Texas.

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Draft of the ESG Diligence Questionnaire

We all saw the increase in media coverage last year of the implications of ESG (Environmental, Social and Governance) factors in the financial markets and that trend seems to only be accelerating. About a year ago we started hearing directly from our buyside members that the number of ESG questions they were receiving from end […]

SOFR: Addressing Basis Biases

As highlighted in Nomura’s Special Topics on January 24th, basis risk has been on CLO managers’ (and equity holders’) minds. While the focus generally has been on one-month/three-month LIBOR basis, basis questions also have emerged in the SOFR space.

LSTA Newsletter: January 24, 2020

This week we recap secondary trading for 2019, give an update on LIBOR transition in the U.K., and let you know that we’ve published a credit agreement for investment grade term loans.