Side letters document bespoke arrangements between all or certain parties to a financing transaction and supplement the terms of the principal documents thereto. Becoming increasingly popular with stakeholders, and with the...more
European leveraged finance in 2023 was saddled with the negative effects of elevated interest rates. But as the market adjusts to the “new normal”, rate and price stability offer hope for a brighter 2024.
-Rising interest...more
1/30/2024
/ Acquisitions ,
Banking Sector ,
Buyouts ,
Debt ,
Debt Market ,
EU ,
Financial Institutions ,
Interest Rates ,
Investment ,
Leveraged Finance ,
Loans ,
Mergers ,
Private Equity ,
Refinancing
Leveraged loan activity slows in the US, Europe and APAC as a volatile economic backdrop and the rising cost of debt starts to weigh on issuance -
Leveraged loan markets have been buffeted by a challenging macroeconomic...more
12/1/2022
/ Acquisitions ,
Bank Loan Markets ,
Borrowers ,
Debtors ,
EU ,
Financial Institutions ,
Interest Rates ,
Investment ,
Investors ,
Leveraged Loans ,
Mergers ,
Refinancing
LIBOR, the reference rate for more than US$300 trillion of contracts globally and nearly US$200 trillion of US dollar contracts, is expected to cease after the end of 2021. In highlighting the limitations of the LIBOR reforms...more
9/17/2019
/ Alternative Reference Rates Committee (ARRC) ,
Banks ,
Derivatives ,
Federal Reserve ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Interest Rates ,
IOSCO ,
Lenders ,
Libor ,
Secured Overnight Funding Rate (SOFR) ,
Transitional Arrangements ,
UK
In 2012, the Wheatley Review recommended reform rather than replacement of LIBOR, on the basis that a transition to a new benchmark would pose an unacceptably high risk of financial instability. Reform came in the form of a...more
9/4/2019
/ Banking Sector ,
Benchmarks ,
Bonds ,
Compound Interest ,
Derivatives ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Markets ,
Interest Rates ,
ISDA ,
Lenders ,
Libor ,
Loan Market Association ,
Loans ,
Prudential Regulation Authority (PRA) ,
Public Consultations ,
Sterling Overnight Index Average (SONIA) ,
UK ,
Working Groups