New Developing Markets Documentation
We have published a revised recommended form Single Currency Term Facility Agreement intended for use in developing markets transactions. In addition, we have launched the following three new documents, intended for use in developing market jurisdictions: a Single Currency Revolving Facility Agreement; a Single Currency Term and Revolving Facilities Agreement; and a Dual Currency Term Facilities Agreement. These use the same basic structure and "boilerplate" as the LMA Recommended Forms of Primary Documents.
Revised LMA Leveraged Facilities Agreement and accompanying User Guide
We have published a revised version of our Senior Facilities Agreement for Leveraged Acquisition Finance Transactions. The changes reflect some of the statements of best practice in the LMA Transparency Guidelines.
New REF Development Facility Agreement
We have published a new recommended form of Single Currency Term Facility Agreement intended for use in real estate finance single property development transactions. This uses the same basic structure and "boilerplate" as the LMA Recommended Forms of Primary Documents for the investment grade market or, where relevant, the leveraged finance market.
LMA FATCA Riders Updated
They have been updated to incorporate additional provisions enabling agents to obtain tax forms from lenders whenever there is a US borrower. This change is in line with IGA requirements which impose certain obligations on agents.
Revised note discussing the IBOR definitions in the LMA Primary Documents including Interpolation
We have updated our note discussing the IBOR definitions in the LMA Primary Documents in light of the Wheatley Review and associated developments. The note has been amended to suggest optional drafting providing for IBORs for Interest Periods for which a Screen Rate is unavailable to be determined by linear interpolation of available Screen Rates.
New Spanish law LMA Facility Agreement and User Guide
This document is based on the revised LMA English law investment grade facility agreements with amendments to reflect Spanish law and banking practice. These areas are explored in more detail in the accompanying user guide.