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LSTA publishes new form of Emerging Business Credit Agreement

Published on: 04 December 2023
Published by LNB News

LNB News 04/12/2023

Document Information

Issue Date: 04 December 2023

Published Date: 04 December 2023

Jurisdiction(s): United Kingdom

Article summary

The Loan Syndications and Trading Association (LSTA) has published its first bilateral loan agreement, the new form of Emerging Business Credit Agreement (EBCA). The EBCA is designed for a borrower that is an ‘emerging business’, ie a borrower that is no longer a new venture but is not yet an established company. LSTA anticipates that the EBCA could be useful for loans between US$25m–US$100m and it assumes the borrower is formed in the US and has US-based operations with limited, if any, foreign operations or assets located outside the US.

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