LMA standardises leveraged loans

News


The Loan Market Association has issued a standard facility agreement for leveraged loan deals in an effort to improve efficiency in the growing leveraged loan market. The move is expected to entice more institutional investors into the burgeoning market.

“We have new issuers and new investors coming to the market, but no market standard,” said LMA chairman Tim Ritchie at a January press conference. The 195-page document is not a one-size-fits-all solution: it contains a menu of optional claus

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