the authoritative voice of the EMEA market

What's New?

The LMA is hiring!

We are looking for a new Legal Associate to join our team of lawyers. If you are a junior banking and finance lawyer with an interest in moving away from a transactional role, we would like to hear from you. Click here for further details.

Loan Market Insight

EBITDA Adjustments On The Rise (June 2018)

Moody's Report

High Corporate Leveraged Report (May 2018)
Moody's Report

High Yield Interest- Market Pulse (April 2018)
Moody's Report


LevFin 2018 Nearing Half-time (June 2018)
Dealogic Insight

What’s Next For European Telecom? (May 2018)
Dealogic Insight

Jumbo Loans Maintain Momentum (May 2018)
Dealogic Insight

Q417 European Leveraged Loan Chart Book (March 2018)
Fitch Ratings Report

Unitranche Versus Syndicated Leveraged Loans (February 2018)
Fitch Ratings Report

Global Loan Market Data & Analytics (May 2018)
Thomson Reuters LPC Report

2018 Annual (January 2018)
Thomson Reuters LPC Report

Secondary Market Volumes (Q1 2018)
Thomas Reuters LPC Report

EMEA Syndicated Loan Insights (June 2018)
Bloomberg Report

Leveraged Finance Chart Book Europe (June 2018)
Bloomberg Report

CreditMatters EMEA (July 2018)
S&P Global Ratings Report

Capital Markets View: High Yield and Leveraged Finance (May 2018)
S&P Global Ratings Report

Infrastructure Finance Outlook Newsletter (Q1 2018)
S&P Global Ratings Report

LMA and ACT paper on syndicated loans and forward-looking term rates

This joint publication by the LMA and ACT considers the use of forward-looking term rates in the syndicated loan market. In particular, it covers the key features of syndicated loans impacted by the transition from LIBOR to overnight risk-free rates, along with the implications for both borrowers and lenders of the transition. Click the arrow to access this article.

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LMA launches Green Loan Principles (GLP)

The GLP have been developed by an experienced working party, consisting of representatives from leading financial institutions active in the green loan market, with a view to promoting the development and integrity of the green loan product.

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LMA revisions to Chapter 17 of the JMLSG Guidance on the prevention of money laundering and the financing of terrorism in the UK financial services industry go live on JMLSG website

More than 12 months on from the publication of a consultation by JMLSG in 2017 on proposed revisions to Parts II and III of its guidance on the prevention of money laundering and the financing of terrorism in the UK financial services industry (the "Guidance"), Chapter 17, which relates specifically to syndicated lending and which has been re-written by the LMA, has now been approved and published by the JMLSG board.

LMA publishes revised Replacement of Screen Rate clause

The LMA has published an updated version of the optional "Replacement of Screen Rate" clause that has been included in the Primary Documents and the Leveraged documents since November 2014. The Revised Replacement of Screen Rate Clause was developed in order to facilitate further flexibility than the existing clause allows in light of uncertainty over the future of LIBOR and other benchmark rates.

Recent LMA Submissions

LMA responds to EU Proposal for a Directive on credit servicers, credit purchasers and the recovery of collateral

LMA responds to EU Proposal for a Regulation on the law applicable to the third-party effects of assignments of claims

LMA responds to EMMI Consultation Paper EURIBOR Hybrid Methodology