A Guide To The Loan Market Association Documentation For Investment-Grade Borrowers
This guide to the Loan Market Association’s documentation for investment-grade Borrowers is in five parts:
- Part I is an executive summary of the main commercial issues for corporate treasurers in relation to the LMA syndicated loan agreement for investment-grade Borrowers (the “Agreement”).
- Part II is a commentary on the provisions of the Agreement.
- Part III is a commentary on the “Additional Options”: the optional letters of credit facility and dollar and euro swingline facilities.
- Part IV is a guide for Borrowers to the LMA forms of Mandate Letter.
- Part V comments on some of the LMA ancillary documentation, including the Confidentiality Letters and Grey Market documentation.
The Agreement was most recently updated in February and June 2007. The main changes are discussed in Part I, section 7.
