• 28 May 2021
    LMA publishes further RFR documentation to assist the market with LIBOR transition

    The LMA is pleased to have published a further suite of documentation to facilitate the syndicated loan market in transitioning away from the use of LIBOR to compounded risk-free rates ("RFRs").


  • 27 May 2021
    The LMA, APLMA and LSTA publish updated Sustainability Linked Loan Principles and accompanying guidance

    Following the launch of the Sustainability Linked Loan Principles (SLLP) in March 2019, there has been a staggering increase in the volume of sustainability linked loans seen across the syndicated loan market. The APLMA, LMA and LSTA have therefore taken this opportunity to reflect on recent market trends and are delighted to announce the publication of a revised version of the SLLP and accompanying Guidance on Sustainability Linked Loan Principles (SLLP Guidance).

  • 13 April 2021
    The LMA, APLMA and LSTA publish Social Loan Principles

    The LMA, APLMA and LSTA today announced the publication of the Social Loan Principles (SLP). The SLP aim to create a high-level framework of market standards and guidelines, providing a consistent methodology for use across the social loan market, whilst allowing the loan product to retain its flexibility and preserving the integrity of the social loan market while it develops.

  • 30 March 2021
    LMA updates exposure draft RFR documentation to recommended forms and publishes single currency RFR facilities agreements

    The LMA is pleased to have published its exposure draft RFR documentation as recommended forms. The documentation has also been updated to reflect, amongst other things, the recent updates to the £RFR Working Group's conventions supporting materials. The LMA has also published two new recommended form single currency RFR facilities agreements and updated the RFR Terms and notes outlining LIBOR transition considerations for the LMA's wider suite of documentation.

  • 26 March 2021
    LMA publishes considerations note in respect of the use of forward-looking term SONIA reference rates

    The LMA is pleased to announce the publication of a note outlining considerations for market participants relating to the use of forward-looking term SONIA reference rates ("TSRRs").

  • 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.