Exclusive: LMA confirms new intercreditor agreement

Author: | Published: 7 Dec 2011

IFLR can reveal that the Loan Market Association (LMA) is in the process of drafting a new intercreditor agreement.

The return of senior high yield and then mezzanine finance deals in European leveraged buyouts has prompted calls for a re-drafted LMA intercreditor agreement.

While market participants have been speculating about a new agreement, the LMA’s chief executive Clare Dawson confirmed today that the association was drafting one.

“It’s progressing well,” said Dawson, in an exclusive interview with IFLR. “We will have a first draft this year and a working party that will then examine it in the early part of next year.”...


 

 

close Register today to read IFLR's global coverage

Get unlimited access to IFLR.com for 7 days*, including the latest regulatory developments in the global financial sector, updated daily.

  • Deal Analysis
  • Expert Opinion
  • Best Practice

register

*all IFLR's global coverage published in the last 3 months.

Read IFLR's global coverage whenever and wherever you want for 7 days with IFLR mobile app for iPad and iPhone

"The format of the Review has changed over the years; the high quality of its substantive content has not."
Lee C Buchheit, Cleary Gottlieb

register