Recent LSTA Publications Explained: MCAPs, Cashless Rolls and Fronting Letters
On August 8, 2014, The Loan Syndications and Trading Association (“LSTA”) published in final form its latest iteration of the Model Credit Agreement Provisions (the “2014 MCAPs”), almost exactly two years after the prior version, published on August 1, 2012 (the “2012 MCAPs”). In addition to making certain refinements to the 2012 MCAPs, the 2014 MCAPs address four key topics: the treatment of disqualified institutions, affiliate and borrower buybacks, amend-and-extend transactions and cashless rolls.
This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.
Copy link to share post