Practical Law

Practical Law provides legal know-how that gives lawyers a better starting point. Our expert team of attorney editors creates and maintains thousands of up-to-date, practical resources across all major practice areas. We go beyond primary law and traditional legal research to give you the resources needed to answer your “how do I” questions and proceed with confidence. If you are not currently a subscriber, we invite you to take a trial of our online services at

Level 1

LSTA University Level 1
  • Practical Law - Covenant-Lite Loans: Overview

    This Note explains the typical features of covenant-lite loans and examines the benefits and drawbacks of covenant-lite loans for borrowers and lenders.

  • Current Trends in LIBOR Transition Provisions *New*

    This Article examines interest rate provisions related to LIBOR transition in recently filed credit agreements contained in Practical Law What’s Market. The analysis looks at initial interest rates, replacement benchmark rates, credit spread adjustments, and fallback language.

  • Practical Law - Acquisition Finance Overview

    A Practice Note providing an overview of financing an acquisition by debt using a loan from a bank or other financial institution. This Note also gives a description of the methods of acquiring a business through an asset acquisition, stock acquisition, or merger.

Level 2

LSTA University Level 2
  • Normalizing Uncertainty Geopolitical Risk Trends for Cross-Border Investors in 2022

    A discussion of the domestic and international political risks cross-border investors faced in 2021, including the lingering effects of COVID-19, rising inflation, geopolitical tensions with Russia, and trade disputes with China. This Article also discusses how these investors can manage and mitigate these risks as they develop further.  This article was written by David J.E. Chmiel of Global Torchlight Limited.

  • Practical Law - What's Market: Erroneous Payment Provisions

    A discussion of the decision of the United States District Court for the Southern District of New York in the Revlon case, the effect of the ruling on credit documentation and the current state of erroneous payment provisions propounded by financial institutions and the LSTA to address the issues raised by the court ruling. This Note will be updated quarterly.

  • Practical Law – Practice Point: Crypto Finance

    A primer on the basics of lending and borrowing in the cryptocurrency markets.

Level 3

LSTA University Level 3

Our Partners

CUSIPFitch Group logoRefinitiv-(March-2019)SP-Global-Market-Intelligence
Total Results: 

Sort by:

CLOs: Prices Move, Fundamentals Hold

The markets have been moving hard…have CLOs been a bastion of stability? The LSTA’s Meredith Coffey discusses both the price movements and the fundamental stability…

LSTA Revised Agreements

The LSTA continues to add to its suite of documents that is made available to all members on its website.