In its highly anticipated decision, the Second Circuit has answered the question of whether a syndicated term loan qualifies as a “security” with a definitive “no”. On August 24, the Court of Appeals for the Second Circuit...more
On September 19, the Securities and Exchange Commission’s Investor Advisory Committee held a hearing to discuss the risks of increased leverage in the loan market and the potential impact leveraged loans and collateralized...more
10/29/2019
/ Arbitrage ,
Capital Requirements ,
Collateralized Loan Obligations ,
Covenant Lite Deals ,
Disclosure Requirements ,
EBITDA ,
Financial Markets ,
Information Sharing ,
Leveraged Loans ,
Loans ,
Rating Agencies ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
LIBOR has been referred to as “the world’s most important number,” and $350 trillion in financial products pegged to LIBOR provide strong reason for believing that description to be true. LIBOR, the London Interbank Offered...more