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.

LMA launches new mezzanine facility agreement drafting guide for leveraged acquisition finance transactions

The Mezzanine Facility Drafting Guide was produced to provide guidance on drafting mezzanine facility agreements for leveraged transactions. The Mezzanine Guide illustrates the changes that might be made to a final form of senior facilities agreement when producing a mezzanine facility agreement based on the LMA leveraged facilities agreement. Consequential updates have been made to the LMA intercreditor agreement for leveraged acquisition finance transactions.

LMA makes revisions to its leveraged acquisition finance documentation and launches new security agreement for REF, as well as more general updates to its suite of Facility Agreements

The LMA is pleased to announce the launch of: revised forms of term sheet, senior facilities agreement, intercreditor agreement and hedging letter for leveraged acquisition finance transactions; and a new security agreement intended for use on real estate finance transactions (the "REF Security Document"), as well as consequential changes to the LMA REF facility agreements and term sheets.

LMA publishes revised co-ordinating committee appointment letters

The LMA has published updated company and lender co-ordinating committee appointment letters and the accompanying guidance notes, and launched a rider to be used where funds and/or other non-bank lenders are serving as members of the co-ordinating committee.