Documenting and Trading Syndicated Loans: Current Trends, Key Provisions, LSTA Forms
A live 90-minute premium CLE webinar with interactive Q&A
This CLE webinar will examine the critical provisions of credit agreements and secondary trading documents currently being used in the loan syndication market. The panel discussion will focus on standard loan forms promulgated by the Loan Syndications and Trading Association (LSTA), as well as LSTA trading confirmations and related documents which have become accepted forms in the industry. The panel will also discuss points of contrast with the Loan Market Association (LMA) forms used in European transactions.
- Brief history of loan syndication
- Types of credit facilities available for syndication
- Multi-lender and other investor concerns
- LSTA loan forms: key provisions
- Secondary trading documentation and procedures
- Comparison to European LMA forms
The panel will review these and other issues:
- What kinds of credit facilities are appropriate for syndication? What kinds are not?
- How does the anticipated syndication of a loan to multiple lenders impact the provisions in loan documents?
- To what extent does the LSTA Form of Revolving Credit Facility and Model Credit Agreement Provisions reflect standard documentation in the industry? Should counsel use them as a starting point?
- What is the role of the arranger in syndicating a commercial loan?
Bridget K. Marsh
Executive Vice President - Deputy General Counsel
Loan Syndications & Trading Association
Ms. Marsh is Deputy General Counsel for the LSTA. She heads the LSTA’s Primary Market Committee and Trade... | Read More
Ms. Marsh is Deputy General Counsel for the LSTA. She heads the LSTA’s Primary Market Committee and Trade Practices and Forms Committee and leads the legal projects for the development and standardization of the LSTA’s documentation. Ms. Marsh is responsible for responding to and addressing secondary loan market trading disruptions and ensuring that the LSTA's primary market and trading documentation reflects current market practices. She regularly speaks on the loan market at American Bar Association events, and is a Regent of the American College of Commercial Finance Lawyers and a Fellow of the American Bar Foundation.Close
Arleen A. Nand
Ms. Nand represents commercial, cooperative, development and investment banks, as well as hedge funds, sponsors,... | Read More
Ms. Nand represents commercial, cooperative, development and investment banks, as well as hedge funds, sponsors, sovereign wealth funds and Fortune 500 companies in leveraged finance transactions. She has structured, drafted and negotiated over $40 billion of syndicated loan, commercial paper and project financings. Ms. Nand has served as lead counsel on numerous transactions, including cross-border credit facilities, securitizations, syndicated loan transactions, credit-linked notes, convertible debt facilities, private placements, joint venture financings and debtor-in-possession credit facilities. Ms. Nand is a fellow of the American College of Commercial Finance Lawyers.Close
Executive Vice President & Associate General Counsel
Loan Syndications & Trading Association
Ms. Virmani works with the LSTA’s Primary Market Committee and Trade Practices and Forms Committee on legal... | Read More
Ms. Virmani works with the LSTA’s Primary Market Committee and Trade Practices and Forms Committee on legal projects for the development, standardization and revision of the LSTA’s documentation and is also involved in resolving secondary loan market trading disruptions. In addition, she participates in the LSTA’s advocacy efforts, including comment letters and engagement with regulators.Close
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