LMA reaches 800+ Members
We are delighted to announce that over 800 organisations are now members of the LMA. What an amazing achievement and how fitting to reach this number as we celebrate 25 years of the LMA. Thank you to all our members around the world who continue to support and work with us. We now have members in over 65 countries.
We have published a guidance note on the Register of Overseas Entities (ROE) regime. The ROE regime was established by the Economic Crime (Transparency and Enforcement) Act 2022 and came into force in two phases: on 1 August 2022 and 5 September 2022.
The guidance note covers a range of key issues to the ROE regime and its impacts in the real estate finance (REF) context, including drafting for a new condition precedent to be included in LMA REF facility agreements that document deals to which the ROE regime applies.
Our final UK event of 2022 will be our Early Evening Seminar in London on 1 December 2022. This event for LMA members only, will be a panel discussion on the EMEA syndicated loan market, reviewing the year about to pass, and exploring what lies ahead for 2023. It will cover: Market outlook, structure and volumes; Key challenges and opportunities; Loan market after COVID-19; What is the new normal?; and Investor appetite.
Registration and refreshments will open at 16:15, with the seminar starting at 17:00. The seminar will finish at 18.00 and will be followed by a drinks reception open to all attendees.
We have updated our Intercreditor Agreement for Leveraged Acquisition Finance Transactions (Senior/Mezzanine) (Compounded Rate/Term Rate) to fix a number of cross-references within the document. We have also produced a mark-up of this document against the LIBOR-referencing Intercreditor Agreement for Leveraged Acquisition Finance Transactions.
LMA.Automate Limited, a wholly owned subsidiary of the Loan Market Association, has today launched automated LMA recommended form secondary trade confirmations on the LMA.Automate platform to support the secondary loan market. Subscribers will now be able to generate secondary trade confirmations from an automated template incorporating all versions and options available in the latest static versions of the LMA recommended forms. Secondary loan market participants should also note that the LMA recommended form confidentiality undertakings have already been automated and are available on the platform.
LMA publishes new and updated exposure draft term SOFR documentation for investment grade and developing markets
We have published a new exposure draft multicurrency term and revolving facilities agreement incorporating term SOFR (the IG Term SOFR Exposure Draft). We have also released an updated exposure draft single currency term and revolving facilities agreement for use in developing markets jurisdictions, alongside an updated commentary (the Term SOFR Commentary), to reflect the IG Term SOFR Exposure Draft.
LMA releases a guidance note on the Register of Overseas Entities regime.
LMA updated its Intercreditor Agreement for Leveraged Acquisition Finance Transactions (Senior/Mezzanine) (Compounded Rate/Term Rate) to fix a number of cross-references within the document.
LMA publishes new and updated exposure draft term SOFR documentation for investment grade and developing markets, alongside an updated commentary.
LMA responds to FCA consultation on potentially permitting the Long-Term Asset Fund to be marketed to retail investors.
LMA publishes updated versions of its German Law Euro Term Facility Agreement for Real Estate Finance (REF) Multiproperty Investment Transactions (in both German and English).
On Demand Events
E-learning course comprised of 10 modules providing an overview of the syndicated loan market.
As part of the co-operation between the LMA, LSTA, APLMA and also ICMA, each of their forms of bail-in clause refer to a common EU Bail-In Legislation Schedule, which has been prepared by the LMA, in order to describe the relevant national implementation legislation and write-down and conversion powers.