RK&O Client Alert: Revised LSTA Secondary Market Loan Trading Documentation

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June 5, 2019

On May 17, 2019 The Loan Syndications and Trading Association, Inc. (the "LSTA") officially released a revised suite of secondary market loan trading forms, which revised forms are effective for LSTA trades entered into on or after such date. The most material changes were to the LSTA Chapter 11 Plan Proceeds Letter Agreement for Post-Effective Date Settlement of Distressed Trades (the “Proceeds Letter”), which form had remained unchanged for the most part since its original publication by the LSTA in 2008.

In this client alert, RK&O attorneys Paul Haskel and James Ohlig detail the recent revisions made to the LSTA secondary market loan trading documentation.

Click here to view the client alert.