LSTA

Understanding leverage in the financial system is a key focus of policymakers and regulators. Importantly, the types of leverage used by private corporate credit managers to finance their funds are generally not subject to the MTM volatility or forced selling that make leverage a concern. The LSTA’s Andrew Berlin discusses this distinction, alongside an overview of these types of leverage, here: https://lnkd.in/evQXCjGW #loans #CLOs #markets

You asked us to bring her back...and we listened! Dr. Marci Rossell will provide an insider's perspective on the most important economic events of our time and a peek into the future. Get an informed outlook into the coming year and understand new opportunities that are on the horizon. Come hear her unique point of view on issues impacting you and your business only at the LSTA Annual Conference. #loans #credit #markets

The Purdue Pharma decision left lots of open questions about third-party releases and, as the LSTA’s Elliot Ganz explains, the courts and Congress are grappling with them. Read more here: https://lnkd.in/eciSUFAU #bankruptcy #credit #markets

The LSTA Annual Conference is open for registration! Take advantage of early bird pricing by August 15th to save 20%. Whether you’re with us for the full day of panels filled with top industry experts, or you’re stopping by to catch up with your colleagues at the cocktail reception, we hope to see you there! Register here: https://lnkd.in/erV9QBKM #loans #credit #markets

In the second and final week of the LSTA 2024 Summer Series, which concluded on July 25th, LSTA staff shared their own knowledge and insights with our members on two key areas, regulation and secondary loan trading. Read more here: https://lnkd.in/eJ4JQ_4H Speakers included Elliot Ganz, Andrew Berlin, Theodore Basta, Ellen Hefferan, and Hugo Pereira. #loans #credit #trading

The LSTA’s new form of Emerging Business Credit Agreement was the topic of the LSTA’s 2024 Summer Series on July 23rd. Morgan, Lewis & Bockius LLP partner, Thomas Mellor, led the discussion with John Hreno and Sean Zoltek and noted the many useful ways in which the forms could be adapted. Read more here: https://lnkd.in/dd72hpVe #credit #loans #markets

The SEC passed on appealing to the full Fifth Circuit on the Private Fund Advisers Rule litigation. The LSTA’s Elliot Ganz explains what that means and what comes next here: https://lnkd.in/eXmsvm4i #loans #funds #SEC

According to the LSTA’s Theodore Basta, 2Q24 secondary loan trading volume increased 18% over the same time last year while the median trade price hit par value for the first time in more than three years. Read more here: https://lnkd.in/e74kHC5r LSTA members can access the LSTA’s 2Q Secondary Trade Data Study here: https://lnkd.in/eeJQtaNZ #loans #trading #markets

The first week of the LSTA’s 2024 Summer Series drew to a close on July 18th after three days on credit agreement provisions presented by Milbank LLP Partners, Mike Bellucci, Kamal Nesfield, and Spencer Pepper. Members learned about representations, covenants, events of default, and so much more. Read more here: https://lnkd.in/e-3gznP5 #loans #credit #markets

The LSTA is pleased to announce that registration for the 2024 Annual Conference this September is officially open! Please join us for a day of recapping a pivotal year in our market and the country. In between our expert keynotes, who will address the economy, AI, and the intersection of geopolitics, we’ll offer 3 tracks of topics to ensure there’s something for everyone. Whether you’re focused on legal & policy, market trends, or operations, this day of learning and networking is not to be missed. Register here: https://lnkd.in/erV9QBKM #loans #credit #markets