the authoritative voice of the EMEA market

Documents

  • 15 August 2017LMA 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.

  • 07 August 2017Minor 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 the following minor errors: (i) the definition of "UK Non-Bank Lender" has been conformed to that in the Investment Grade Facility Agreements; (ii) references to "Company" have been changed to "Parent" in the tax gross-up clause (where appropriate); and (iii) references to "Land Registry" and "Land Charges Registry" have been conformed to changes made to the Real Estate Finance Facility Agreements.

    The mark-ups continue to highlight changes as against the pre-18 July 2017 versions.

  • 19 July 2017LMA 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 key amendments are intended to take account of the changes made to the LMA's leveraged documentation in November 2016. In addition, the documents have been amended to include the incorporation of 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.

  • 06 July 2017LMA launches template Italian law private placement documentation

    The LMA are 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.

  • 13 June 2017LMA revises secondary trading terms and conditions and users guide

    The LMA has released, as pending, revised Terms and Conditions without the Pricing Panel mechanism for resolving disputes over the reasonableness of the BISO purchase price. Instead, the Terms and Conditions will require the party entering into the substitute transaction to do so on arm's length terms and in good faith. In addition, the purchase price for the substitute transaction must be reasonable in the circumstances. The documents will go live on 27 June 2017.