News & Analysis as of

Loans Market Participants

Latham & Watkins LLP

Kirschner v. JP Morgan: Second Circuit Affirms That Syndicated Loans Are Not Securities

Latham & Watkins LLP on

Second Circuit upholds SDNY’s finding that under Reves syndicated loans are not securities under federal law. Introduction - On August 24, 2023, the US Court of Appeals for the Second Circuit issued its highly...more

Cadwalader, Wickersham & Taft LLP

The Way Forward March 2023 - Loan Assignments: Common Techniques and Key Considerations

The past six months have been turbulent in the fund finance world. We have seen lenders in the market deal with significant capital constraints, we have seen a small amount of lenders scale back in the fund finance lending...more

Kramer Levin Naftalis & Frankel LLP

Proposed Revisions to the LSTA Par Trade Confirmation: The Risks of Trading English Law Loans on LSTA Par/Near Par Terms

Background - Recently, the Loan Syndications and Trading Association (LSTA) circulated revised language relating to the trading of English law-governed loans on the LSTA Par/Near Par Trade Confirmation (the LSTA Par...more

Mayer Brown

Market Participants Request Expansion of TALF 2.

Mayer Brown on

On March 23, 2020, the Federal Reserve Bank of New York (“FRBNY”) established the Term Asset-Backed Securities Loan Facility (“TALF 2.0 Program”) to support the flow of credit to consumers and businesses. ...more

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