the authoritative voice of the EMEA market

Documents & Guidelines

The LMA endeavours to keep its documentation under constant review to ensure that it continues to meet the aims and needs of the primary and secondary loan markets. The production of recommended documentation remains one of our most important activities.

Our documentation is produced after extensive consultation with leading loan practitioners and law firms so as to represent an agreed common view of documentation structures. Standardisation of the "boiler plate" areas of the documents allows lenders and borrowers to focus on the more important commercial aspects of individual transactions.

Minor updates to the LMA leveraged and super senior facilities agreements

The LMA has published revised versions of its Leveraged and Super Senior Facilities Agreements correcting a number of minor errors. The mark-ups continue to highlight changes as against the pre-18 July 2017 versions.

LMA publishes revised English law investment grade primary documentation and updates its suite of facility agreements

The LMA is pleased to announce the publication of revised forms of its English law investment grade primary documentation. The amendments take account of changes made to the LMA's leveraged documentation in November 2016. The documents have also been amended to incorporate increase lender mechanics, expansion of the Agent's Spot Rate of Exchange, updates to the definition of Federal Funds Rate, and expansion of all Lender matters to cover a change in currency of payment.

LMA updates its paper "Issues to consider when trading"

The LMA has updated its paper "Issues to consider when using the LMA's recommended form of secondary debt trading documentation", which highlights the types of issue that the parties to a trade should consider prior to agreeing the trade, and when agreeing the trade.

LMA launches template Italian law private placement documentation

The LMA is pleased to announce that we have launched template documents for use in Italian private placement transactions. The LMA project to develop the Italian PP Documents was commenced in response to demand from LMA members active in the Italian private placement market, who were keen to promote the development of this product as a viable financing tool in Italy.