the authoritative voice of the EMEA market

Whats New

Loan Market Insight

CreditMatters EMEA (April, 24, 2017)
Standard & Poor's Ratings Services Report

Capital Markets View: High Yield and Leveraged Finance (March, 22, 2017)
Standard & Poor's Ratings Services Report

Infrastructure Finance Outlook Monthly Newsletter (February 2017)
Standard & Poor's Ratings Services Report

EMEA Emerging Markets Trail Behind Previous Years In Loans (April, 19, 2017)
Dealogic's Statshot

Shifts in Europe's Borrowing Hotspots (March, 15, 2017)
Dealogic's Statshot

Thomson Reuters LPC's Global Loan Market Data & Analytics (April 2017)
Thomson Reuter's LPC Report

Q117 European Leveraged Loan Chart Book (April 2017)
FitchRatings Report

High Yield Interest European Edition (May 2017)
Moody's Report

spotlight-on-small-1.png

European cov-lite loans: key structural issues

Video interview with Christopher Kandel, Partner at Latham & Watkins LLP, on the key structural issues that can arise with European cov-lite loans. The interview includes commentary on the type of features that have been incorporated into European cov-lite loans, how US law has influenced US loan terms and the extent to which structural issues are being reflected in documentation.

LMA publishes recommended form of designated entity clause

The LMA is pleased to announce the publication of a recommended form of designated entity clause for use in the LMA's senior facilities agreement for leveraged acquisition finance transactions (senior / mezzanine) and the LMA's recommended form of investment grade primary documentation.

Recent LMA Submissions

LMA responds to the European Commission's consultation on the capital markets union mid-term review 2017.

LMA responds to HMRC consultation on its draft guidance on Hybrid and Other Mismatches.

LMA responds to the European Commission regarding proposed amendments to Article 55, BRRD.

LMA submission to European Commission regarding the Securities Financing Transactions Regulation (SFTR) and its application to syndicated lending.

LMA responds to the ECB consultation on the draft guidance on leveraged transactions.

snap-shot-banner-DC.png

Snap Shot - David Chmiel, Managing Director at Global Torchlight

We spoke to David Chmiel, Managing Director at Global Torchlight, following our 2017 Developing Markets Conference. In a survey conducted of LMA members before the conference, global macro-economic and political stability was seen as being the most important factor for growth in the syndicated loan market in developing markets. We asked David for his views.

LMA publishes revised Administration Details Form

The LMA has published a revised Administration Detail Form ("ADF"), making the provision of group email addresses mandatory and adding a field for "UK Treaty Passport Expiry Date". These amendments come about following a focused review of the document, with the European Loan Operations Committee looking to encourage broad based adoption of the ADF, with a view to increasing efficiencies in both time and effort in compiling this information.

410x244-p6414130f.jpg

LMA May 2017 Monthly Update

For the latest documentation updates, regulatory submissions, legal and regulatory news, and upcoming LMA events.

552_LM_Loan_Ops_e-learning.jpg

LMA launches e-learning programme

We are pleased to launch an e-learning platform to complement our existing range of training. It is particularly targeted at market participants who may be unable to access our training days, but is equally suited to all professionals in the market. The course, which is free of charge, provides an overview of the syndicated loan market and an introduction to loan documentation and key operational processes.