LSTA 2014 Publications Explained: Revised MCAPs, Cashless Rolls and Fronting Letters | Practical Law
This Article explains the recent Loan Syndications and Trading Association (LSTA) publications, including the August 8, 2014 revisions to the Model Credit Agreement Provisions, a new form of cashless roll letter agreement and a revised form of fronting letter. It was contributed by three partners in Davis Polk & Wardwell LLP's leveraged finance group who represented the LSTA on the projects referred to in this Article.