Legal News

Practical implications of the revised LMA REF facility agreement

Published on: 25 January 2017
Published by: LexisPSL
  • Practical implications of the revised LMA REF facility agreement
  • Original news
  • What are the key changes that have been made to the recommended form of facility agreement for real estate finance multi-property investment transactions?
  • What are the key changes to the LMA REF English law term sheet?
  • Why were these changes made?
  • What form does the REF security document take and how does it fit into a typical REF transaction structure?
  • What is likely to be the market response to these changes and the new security document?

Article summary

Banking & Finance analysis: Clive Wells, partner, and Paul Carroll, associate, at Skadden, Arps, Slate, Meagher & Flom (UK) LLP, examine the key changes that have been implemented in the recommended form of facility agreement for real estate finance multi-property investment transactions, which was released on 18 November 2016 (the revised LMA REF facility agreement) and assess the practical implications for lawyers acting for lenders/borrowers. or take a trial to read the full analysis.

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