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
In March , the Court of Appeals for the Second Circuit requested that the Securities and Exchange Commission (SEC) submit a brief on whether a syndicated term loan qualifies as a “security.” The brief was highly anticipated...more
As the coronavirus pandemic upends the economy, the financial health of the leveraged loan market has been impacted. The long-term effect of the pandemic on the leveraged loan market will depend on inherent market risks, the...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