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LMA leveraged documents—what has changed?

LMA leveraged documents—what has changed?
Published on: 22 November 2016
Published by: LexisPSL
  • LMA leveraged documents—what has changed?
  • Original news
  • In summary, what key changes have been made?
  • How do the new incremental facilities work and are there any restrictions on terms?
  • Mechanics
  • Terms
  • How have the transfer provisions been amended?
  • How is the PSC register regime addressed?
  • What additional changes now need all lender consent?
  • Why has the definition of Reference Bank Rate changed?

Article summary

Banking & Finance analysis: The Loan Market Association (LMA) published major changes to its suite of documents for use on leveraged acquisitions on 18 November 2016 in response to feedback from the market and changes to practice. It incorporated some of the more general changes into its suite of facility agreements and published a debenture for use on real estate finance transactions. This news analysis focuses on examining the changes to the leveraged documents. or take a trial to read the full analysis.

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