During the second and final week of the LSTA’s 2024 Summer Series, the LSTA staff shared their own insights with our members on two key areas. On Monday, July 22nd, Elliot Ganz and Andrew Berlin presented a webinar, “Regulation and the Loan Market” during which they discussed the LSTA’s approach towards advocacy and policy. On...
This session will provide an overview on the secondary loan market, trading activity and settlement times. The session will then cover LSTA documentation provisions used by market participants to trade and settle loans, while examining the factors that drive loan settlement. Presented by LSTA colleagues - Theodore Basta, EVP of Market Analytics & Investor Strategy,...
This session provided an overview on the secondary loan market, trading activity and settlement times. The session will then cover LSTA documentation provisions used by market participants to trade and settle loans, while examining the factors that drive loan settlement. Presented by LSTA colleagues - Theodore Basta, EVP of Market Analytics & Investor Strategy, Ellen...
On July 24th, the LSTA 2024 Summer Series tackled the hot topic of private corporate credit. The session, “Private Credit / Direct Lending” was presented by LSTA Board Member Sabrina Rusnak-Carlson of First Eagle Investment Management and Kate Luarasi of Kirkland & Ellis. The presenters started by explaining what private credit is not. It is...
This session will examine private credit, and in particular, direct lending. Direct lending includes loans typically made by nonbank lenders to middle market companies. Its share of the loan market continues to grow and presents unique challenges for the broadly syndicated loan (BSL) market. Market participants will leave this webinar with a sound understanding of...
This session will examined private credit, and in particular, direct lending. Direct lending includes loans typically made by nonbank lenders to middle market companies. Its share of the loan market continues to grow and presents unique challenges for the broadly syndicated loan (BSL) market. Market participants will leave this webinar with a sound understanding of...
In this session, members will learn about the LSTA’s first bilateral loan agreement, the new Form of Emerging Business Credit Agreement (the “EBCA”). The EBCA is intended to be used for a borrower that is an “emerging business” which captures a borrower that is no longer a new venture but is not yet an established...
In this session, members learned about the LSTA’s first bilateral loan agreement, the new Form of Emerging Business Credit Agreement (the “EBCA”). The EBCA is intended to be used for a borrower that is an “emerging business” which captures a borrower that is no longer a new venture but is not yet an established middle...
Public policy, regulation and litigation impact the corporate loan market in many ways. In recent years, the SEC has proposed a rash of potentially transformative rules and macroprudential regulators have raised concerns about threats to financial stability in private credit. Education, advocacy and litigation are tools for the industry to push back. This session will...
Public policy, regulation and litigation impact the corporate loan market in many ways. In recent years, the SEC has proposed a rash of potentially transformative rules and macroprudential regulators have raised concernsabout threats to financial stability in private credit. Education, advocacy and litigation are tools for the industry to push back. This session dove into...
Attached below is the Summer Series 2024 Understanding the Credit Agreement - Day 1 presentation held on July 16, 2024. Milbank partners presented the basics of a credit agreement, including typical representations, covenants, and defaults & enforcement. Presented by Michael Bellucci, Kamal Nesfield, and Spencer Pepper all Partners at Milbank LLP....
Attached below is the Summer Series 2024 Understanding the Credit Agreement - Day 1 replay. Milbank partners presented the basics of a credit agreement, including typical representations, covenants, and defaults & enforcement. Presented by Michael Bellucci, Kamal Nesfield, and Spencer Pepper all Partners at Milbank LLP...
