Panelists discussed this year’s volatile market conditions and the shifting economic outlook, with a focus on the broadly syndicated loan (BSL) market. Discussion topics will include loan documentation, signs of stress in portfolios, sectors facing increased risk, and the current default landscape—including liability management transactions (LMTs) and their effect on recoveries. Panelists also share their...
Panelists discussed this year’s volatile market conditions and the shifting economic outlook, with a focus on the broadly syndicated loan (BSL) market. Discussion topics will include loan documentation, signs of stress in portfolios, sectors facing increased risk, and the current default landscape—including liability management transactions (LMTs) and their effect on recoveries. Panelists also share their...
Panelists discussed this year’s volatile market conditions and the shifting economic outlook, with a focus on the broadly syndicated loan (BSL) market.
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...
In April this year we recirculated an LSTA Market Advisory first published in 2021 that outlined certain “drafting fixes” for those lenders looking to protect themselves from different types of liability management transactions (LMTs). In July, we updated and expanded that market advisory to take account of recent market developments. Now we have updated that...
At last week’s LSTA Annual Loan Conference, one intrepid panel set forth to try to quantify the risk and return of liability management transactions (LMTs).
