• 08 November 2023
    LMA publishes joint guide 'Getting Started in Sustainable Finance' with ACT

    We are delighted to announce the launch of our new introductory guide to sustainable finance, 'Getting Started in Sustainable Finance', produced in conjunction with the Association of Corporate Treasurers.

    Intended for use by new entrants to the sustainable lending market, this guide describes the background to the emergence of sustainable lending, the global commitments driving the sustainability agenda, the range of products on offer and further resources at hand to help. 

  • 03 November 2023
    Sustainable Finance for Social Housing

    We are delighted to have co-authored an article with Trowers & Hamlins focussing on sustainable finance for social housing.

    This article explores the potential benefits of the use of green, social, and sustainability-linked loans in the social housing sector, and focusses on some of the related challenges and opportunities for market participants.

  • 02 November 2023
    LMA publishes South African law revised replacement of screen rate language to assist with JIBAR transition

    We are pleased to have published a user guide and revised recommended form of replacement of screen rate clause for the LMA’s South African law documents (“SA revised replacement of screen rate clause”). The SA revised replacement of screen rate clause is based on the LMA’s existing 2018 revised replacement of screen rate clause (as updated) produced in the context of LIBOR transition. However, it also has regard to the work of the MPG on sample reference language for bilateral loans and reflects specifics of the South African market and JIBAR transition. In order to provide additional context, there are footnotes explaining any differences in the LMA clause and the MPG sample clause.

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  • 01 November 2023
    Sustainable Finance in the Mid-Market

    We are delighted to have released an article today focussing on mid-market sustainable finance, following a Regional Early Evening Seminar which we co-hosted with Browne Jacobson on 13 September 2023.

  • 31 October 2023
    LMA publishes updated CORRA Schedule and updated compounded TONA Schedule

    We have published an updated CORRA Schedule which provides drafting for term CORRA in addition to compounded CORRA. Further, we have updated both our CORRA Schedule and TONA Schedule to reflect the updated definition of the “Daily Rate” in the updated IG compounded rate documents to provide for an interim fallback to a historic rate (prior to the application of a central bank rate plus any adjustment spread). This addresses what is sometimes referred to as the “Good Friday issue”.

  • 26 October 2023
    LMA publishes exposure draft term €STR rate switch document for member feedback and updated IG compounded rate documentation

    We are pleased to have published an exposure draft multicurrency term and revolving facilities agreement which incorporates term €STR fallbacks from EURIBOR. This is accompanied by a cover note providing a high-level summary of the fallback provisions set out in the document, and a separate commentary providing further detail of the provisions. Today, we have also published updated versions of our investment grade compounded rate facilities agreements, along with updated versions of the related term sheets and commentaries. 

  • 12 October 2023
    LMA Launches Sustainability-Linked Loan Term Sheet Provisions

    The LMA has today published the term sheet to accompany its model provisions for sustainability-linked loans (SLLs). Contained in Part 8 of the Term Sheet for Leveraged Acquisition Finance Transactions (Term Sheet), the draft sustainability-linked loan terms can be inserted into the body of the Term Sheet or, as with the LMA's Draft Provisions for Sustainability-Linked Loans, be adapted for use in conjunction with the LMA's other recommended forms. 

  • 05 October 2023
    LMA Publishes Updated Best Practice Guide to Sustainability-Linked Leveraged Loans

    The LMA, in conjunction with the European Leveraged Finance Association, is delighted to announce the publication of the updated Best Practice Guide to Sustainability-Linked Leveraged Loans (SLLLs, and the Guide).


     

  • 27 September 2023
    Financing Sustainability in Shipping

    We are delighted to have co-authored an article with Norton Rose Fulbright LLP focussing on financing sustainability in shipping. 

    Shipping plays a critical role in facilitating efficient global trade and underpins the international economy. There are, however, a number of social and environmental issues which the industry will have to address. This article explores how the sustainability-linked loan product can be, and already is being, used in the context of shipping financing transactions to address these issues and align with the direction of regulatory changes designed to stimulate a more efficient industry.

     

  • 26 July 2023
    LMA.Automate Launches Bilateral Facility Agreement


    LMA.Automate is delighted to have produced a new bilateral facility agreement, which has been made available to all subscribers on the platform. We believe this new template, being the first of its kind, will have a broad and compelling use case for all LMA.Automate subscribers, whether lenders or law firms.