TITLE

Private equity market slates LMA form for pro-bank bias

AUTHOR(S)
Griffiths, Catrin
PUB. DATE
April 2005
SOURCE
Lawyer;4/25/2005, Vol. 19 Issue 16, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Loan Market Association (LMA) has put its leveraged finance standard form out for review amid criticism that it is too biased towards lenders. Controversially, the LMA did not formally canvass views from the private equity community before it published the standard document last year. A number of leveraged finance lawyers claim that the take-up of the LMA document has been patchy and has been better received in the mid market, where the senior lenders' position is stronger than on the upperend deals.
ACCESSION #
16918432

 

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