The LSTA's Complete Credit Agreement Guide, Second Edition, 2nd Edition

PREFACE

As Richard Wight, Warren Cooke, and Rick Gray noted in the First Edition of the Credit Agreement Guide, standard practice for credit agreements evolves for many reasons. While documentary terms tighten and loosen to the rhythm of capital flows and the credit cycle, it is new case law, new tax rules and other regulatory pronouncements, new financing structures and new market entrants that concomitantly impact the loan market and its workhorse document, the credit agreement. Constant evolution is the normal course of things in the highly dynamic and increasingly global loan market. In ordinary times, this constant evolution would be reason enough to regularly revisit an overview guide to credit agreements. However, the past few years have ...