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.

Documentation Conversion Notice

The LMA will be converting its entire documentation suite over the coming months to a docx version of Word. No changes are being made to the drafting of the underlying documents and each document will be uploaded as and when it has been converted and checked. The publication date of each document will not change as a result of the conversion.

If members have any queries about the conversion process, please email lma@lma.eu.com with the subject heading "Document Conversion Query".

Update to LMA Confidentiality and Front Running Letter for Primary Syndication and New User Guide

The LMA has published an updated version of its Confidentiality and Front Running Letter for Primary Syndication. The key changes that have been made are set out below:

  1. Inclusion of two new disclosure permissions
  2. Clarifications in formatting, and addition of a footnote to the definition of "Front Running"

LMA publishes new form of leveraged intercreditor agreement for a super senior revolving facility and senior term facility structure

The LMA is pleased to announce the launch of a new recommended form of intercreditor agreement for leveraged acquisition finance transactions with a super senior revolving facility and senior term facility structure (the "Super Senior/Senior ICA").

LMA launches ECA Buyer Credit Facility

The LMA is pleased to announce the launch of a new recommended form of facility agreement for use in export finance buyer credit transactions supported by an export credit agency (the "ECA Buyer Credit Facility").

The LMA publishes a recommended Timeline for Settlement of Primary Syndication Incorporating Delayed Settlement Compensation

The LMA has launched the publication of a recommended Timeline for Settlement of Primary Syndication Incorporating Delayed Settlement Compensation, intended to be part of the LMA's efforts to reduce settlement times for primary syndications