UK: “The LMA: 25 Years In The Loan Market” – Chris Kandel and Matthew Dunlap discuss the development of the European high yield market
To print this article, all you need to do is be registered or log in to Mondaq.com.
The Loan Market Association recently published a book titled “The LMA: 25 Years in the Loan Market”, honoring its 25th anniversary analyzing the development of the syndicated loan market since the LMA’s inception. Matthew Dunlap and Chris Kandel, London-based finance partners at Morrison & Foerster, wrote a chapter titled “Developing High Performance Documentation”. They reflect the historical development and drivers of the European high yield bond market, as well as current trends and future prospects. Specific areas covered include:
- The growth of the European high yield market
- The evolution of the ‘super senior’ and ‘pari-passu’ structures
- The variation of terms with respect to LMA high yield documents over time
- Market developments such as the recent acceptance of “permanent” creditor agreements.
Download the chapter and get access to a full copy of the book.
Due to the generality of this update, the information provided here may not be applicable in all situations and should not be applied without specific legal advice based on particular situations.
© Morrison & Foerster LLP. All rights reserved
POPULAR ARTICLES ON: UK Finance and Banking