• 03 February 2021
    LMA publishes notes outlining LIBOR transition considerations for LMA's wider suite of documentation

    The LMA is pleased to announce the publication of a number of notes which outline, at a high level, considerations for market participants relating to the impact of LIBOR transition on LMA documentation outside of the context of English law investment grade documentation.

  • 28 January 2021
    LMA publishes exposure draft documentation for multicurrency compounded rate/interbank term rate facilities

    The LMA is pleased to announce the publication of two exposure draft multicurrency term and revolving facilities agreements incorporating backward-looking compounded rates and forward looking interbank term rates (the "Multicurrency Compounded Rate/Term Rate Facilities Agreements") accompanied by a term sheet and a commentary.

  • 23 November 2020
    LMA publishes new and updated documentation in respect of LIBOR transition and active transition mechanisms

    The LMA is pleased to announce the publication of several documents to further assist market participants when including active transition mechanisms in their loan documentation for LIBOR transition.

  • 18 November 2020
    LMA publishes consolidated and updated note on Brexit documentary implications and two EU legislative references destination tables

    The LMA has published a note entitled "Documentary implications of the end of the Brexit transition period for LMA facility Documentation" ("Brexit Note") which consolidates and updates the earlier Brexit notes published in September 2016 and April 2019, as well as two EU legislative references destination tables.

  • 21 October 2020
    LMA note on "LMA Revised Replacement of Screen Rate Clause and pre-cessation trigger"

    This note is intended to highlight to market participants points to consider relating to inclusion, in the LMA's Revised Replacement of Screen Rate Clause, of a specific pre-cessation trigger relating to a benchmark rate no longer being representative.

  • 11 September 2020
    LMA publishes exposure draft multicurrency rate switch facility agreement

    The LMA is pleased to announce the publication of an exposure draft multicurrency term and revolving facilities agreement incorporating rate switch provisions ("Multicurrency Rate Switch Facility Agreement"). This exposure draft is based on lookback without observation shift.

  • 24 August 2020
    LMA Note on the Revised Replacement of Screen Rate Clause and documentary recommendations published by the Working Group on Sterling Risk-Free Reference Rates

    This note discusses the April and July 2020 documentary recommendations and contains a supplement to the LMA's Revised Replacement of Screen Rate Clause designed to facilitate one means of potential satisfaction of the recommendations.

  • 01 July 2020
    LMA launches new REF Security Documents

    The LMA is pleased to announce the launch of two new security agreements intended for use on real estate finance transactions (the "New REF Security Documents"), as well as consequential changes to the LMA REF facility agreements.

  • 19 June 2020
    DAC6 and LMA recommended forms of facility documentation

    The LMA has published a guidance note and optional riders relating to EU rules enacted under the Directive on Administrative Cooperation (commonly known as "DAC6").


  • 27 May 2020
    An updated version of the Senior/Mezzanine Facility Agreement Drafting Guide for Real Estate Finance Transactions

    An updated version of the Senior/Mezzanine Facility Agreement Drafting Guide for Real Estate Finance Transactions dated 20 March 2020 has been uploaded to include a full mark-up at Section 6 (Mezzanine Drafting).