Secondary Loan Trading
Members of our firm have been among the pioneers of the secondary loan market from its inception. Over two decades later, Esbin & Alter remains a leading voice in the industry, having negotiated and documented a vast array of transactions. Our attorneys have substantial expertise in the trading conventions of both the Loan Syndications and Trading Association, Inc. (“LSTA”) and the Loan Marketing Association (“LMA”), as well as numerous complex transactions requiring legal solutions beyond the scope of the LSTA’s and LMA’s domain. As a long standing, active member of the LSTA, we are often involved in discussions regarding significant domestic market issues, including through our service on numerous committees and working groups engaged in formulating and updating standard trading documentation.
In the course of our work, we are often called upon to advise and guide clients at all levels of their secondary loan trading business: whether developing pre-trading strategies, navigating difficult legal and business issues surrounding credit facility and transaction-based issues, providing “on-call” responsiveness to trading, operational and compliance issues, assisting with systems to track and monitor inventory or providing in-house training and seminars for in-house counsel, analysts, traders and closing personnel.