LMA launches new Super Senior documents for use in Leveraged Acquisition Finance transactions
We are pleased to announce the launch of a new recommended form of Super Senior Multicurrency Revolving Facility Agreement and associated Intercreditor Agreement for use in those transactions which assume a super senior revolving facility and senior secured note structure (the "Super Senior Documents").
LMA launches new Secured Single Currency Term Facility Agreement intended for use in developing markets transactions
We have launched a recommended form Secured Single Currency Term Facility Agreement intended for use in developing markets transactions. This uses the same basic structure and "boilerplate" as the LMA Recommended Forms of Primary Documents. The accompanying user guide provides guidance on the assumptions underpinning the secured facility agreements, and the terms contained therein. In addition, we have made minor revisions to our suite of unsecured developing markets documents.
LIBOR changes – Suite of LMA Recommended Facility Documentation
We have amended our suite of recommended facility documentation to incorporate the definition of "Screen Rate" and the interpolation language previously contained in our note entitled "IBOR definitions in the LMA Primary Documents". More detail on these amendments, including a change to the interpolation language, is contained in the revised note published on our website. At the same time, we have taken the opportunity to update the footnote to the increased costs clause to reflect the publication of the European legislation that implements Basel III.
LMA publishes revised FATCA riders
The LMA has published revised FATCA Riders for investment grade, leveraged and secondary documentation, which reflect the new timeline for FATCA announced by the IRS.
View investment grade and leveraged