This article originally appeared in the 2024 Winter Edition of Loans Magazine. Last September, the LSTA collaborated with leading member institutions from its Private Credit Markets Committee to produce the “Private Corporate Credit – Representative Liability Management Transaction Protections for Credit Agreements” chart.
The LSTA, the trade association for the corporate loan market, today released representative liability management transaction (“LMT”) protections for credit agreements in private corporate credit. LMTs have become more prevalent this year across the corporate loan market. LMTs – and the credit agreement provisions that enable them – have come into particular focus in private...
