"Revised LSTA Form Secondary Loan Trading Documents" by Paul Haskel, Kenneth Werner and James Ohlig

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May 12, 2014

In continuing with its efforts to promote greater liquidity and certainty in the US secondary loan trading market, on April 24, 2014, The Loan Syndications and Trading Association, Inc. (the “LSTA”) officially released revised forms of its suite of secondary market loan trading documentation. In this memorandum, Richards Kibbe & Orbe partners Paul B. Haskel and Kenneth E. Werner and counsel James J. Ohlig provide an explanation of the more substantive changes to these LSTA agreements, including the addition of provisions relating to the Foreign Account Tax Compliance Act (“FATCA”) and important modifications to the form Participation Agreements.

Please click here to read the memorandum.