|
Date |
Document |
Use |
|
6 January 2015 |
A PEPP Facility Agreement A PEPP Subscription Agreement A PEPP Confidentiality Agreement A PEPP Term Sheet A PEPP User Guide |
For use in pan-European private placement (PEPP) transactions |
|
19 January 2015 |
Leverage document |
Amended to correct formatting fault |
|
11 February 2015 |
Standard Terms & Conditions for Par & Distressed Trade Transactions (Bank Debt/Claims), and accompanying Users Guide |
Updated (1) definitions of EURIBOR and LIBOR, to reflect the changes to the administrators of each of these rates; and (2) mechanics for calculating an alternative benchmark rate for trades which settle in Australian dollars, New Zealand dollars, Canadian dollars, Danish krone and Swedish krona. Condition 32.4 (Electronic communication) has also been updated, to make it consistent with the most recent changes to the primary documents. |
|
11 February 2015 |
LMA Form of Early Termination Amount Statement for Par and Distressed Trade Transactions |
IBOR references have been updated. |
|
18 February 2015 |
LMA Confidentiality and Front Running Letter for Primary Syndication and the LMA Mandate Letters (both Underwritten and Best Efforts) |
Updated to make clear on their face that the appointed arrangers will need to interact with potential lenders and to provide evidence of the borrower's recognition and authorisation of such activity for competition law purposes (see Fieldfisher article elsewhere in this publication). |
|
3 March 2015 |
LMA Response to HMRC technical note |
The LMA responded to the HMRC Technical Note: Income Tax: deduction from source of interest paid on private placements |
|
26 March 2015 |
LMA Template Release and Reliance Letters |
Updated expressly to state that the Finance Parties' obligations under these letters are given on a several basis |
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
