The Loan Market Association
The Loan Market Association

The following Restructuring & Insolvency guidance note provides comprehensive and up to date legal information covering:

  • The Loan Market Association
  • Aims of the Loan Market Association
  • LMA standard documents
  • Intercreditor agreement

Aims of the Loan Market Association

The Loan Market Association (LMA) was established in 1996 as a trade body with a key objective of improving liquidity, efficiency and transparency in the primary and secondary syndicated loan markets in Europe, the Middle East and Africa (EMEA). For further details, see: LMA website.

The LMA aims to establish sound, widely accepted market practice to promote the syndicated loan as one of the key debt products available to borrowers across the region. Syndicated loans are provided by a group of lenders as opposed to bilateral loans, which are traditionally between the corporate debtor and a single bank.

The LMA works with lenders, law firms, borrowers and regulators to educate the market about the benefits of the syndicated loan product, and to remove barriers to entry for new participants.

Members of the LMA include: commercial and investment banks, institution