Press Release: LSTA : LSTA Issues Representative Best-Practice LMT Protections for Credit Agreements in Private Corporate Credit

NEW YORK--(BUSINESS WIRE)--The LSTA, the trade association for the corporate loan market, today released representative liability management transaction ("LMT") protections for credit agreements in private corporate credit. LMTs have become more prevalent this year across the corporate loan market. LMTs - and the credit agreement provisions that enable them - have come into particular focus in private corporate credit. Although past LMTs may have been permitted under relevant credit agreements,