This form is used to settle distressed trades where the borrower has made a final cash payment on the loan....
In this podcast, Nicholas Laveris, Of Counsel of Orrick, and Amy Pasacreta, Senior Associate of Orrick, discuss the LSTA’s Form of Proceeds Letter Agreement which can be used to settle a distressed trade where the borrower is a debtor in a case under Chapter 11 of the Bankruptcy Code....

Search LSTA