Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
Welcome to this month’s highlights from the Lexis®PSL Banking & Finance team which cover the key news updates from November 2016.
On the 18th November 2016, the Loan Market Association (LMA) issued revised forms of term sheet, senior facilities agreement, intercreditor agreement and hedging letter for leveraged acquisition finance transactions.
The LMA also launched a new security agreement intended for use on real estate finance (REF) transactions (the REF Security Agreement) as well as consequential changes to the LMA REF facility agreements and term sheets.
Both initiatives are in response to demand from participants in the syndicated loan market, who felt the projects would be beneficial for the market.
Changes to the leveraged documentation
The key changes to the leveraged documents relate to the inclusion of:
For more information on the changes to the leveraged documents, see News Analysis: LMA leveraged documents—what has changed?
The LMA then published a revised version of its Leveraged Facilities Agreement on 23 November to correct a minor typographical error in Clause 33.12(d) (Resignation of the Agent). However, note that the mark-up of the Leveraged Facility Agreement which is available on the LMA website continues to
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
Neeta has been working as a paralegal in Banking and Insolvency for the past 4 and a half years.
She started her legal career at Allen & Overy in 2008 in the midst of the global financial crisis and the collapse of Lehmans where she gained most of her experience.
Neeta also did a short stint in litigation at the Revenue and Customs Prosecutions Office. Neeta graduated with a 2:1 honours degree from University of London, Queen Mary College and went on to obtain a distinction from the College of Law in the Legal Practice Course. She moved to Lexis®PSL in April 2013.
0330 161 1234