for Public and Private Bank Loans
LSTA Xtract Bank Debt Review is designed to provide institutional investors with a comprehensive summary of key terms and covenants of Credit Agreements by research analysts who are experienced finance attorneys. In addition to the summary, the analysts provide commentary on critical differences between Xtract's proprietary base credit agreement and the Credit Agreement being reviewed. Some of the key features include:
- Access to our team of finance attorneys
- Coverage for both private and public loans
- Review of drafts for new deals
- Review of proposed amendments
- Links from the report to the source document
Service level options:
LSTA Xtract Core Loan Service
- Reports for any 100 credit facilities with a total size of at least $500mm (including updates for amendments)
- Report on all New Issues with a total size of at least $500mm
LSTA Xtract Premier Consulting Service
- All reports currently available in the library
- All reports we continue to add to the library
- Reports for any credit facility with a total size of at least $500mm
- Reports on all New Issues with a total size of at least $250mm
- Ability to request an additional 50 reports per year (irrespective of deal size)
- All reports updated for amendments (including proposed amendments)
- Access to our team of attorneys to discuss any summary or credit agreement related language
Loan Checklist Service
Xtract’s Loan Agreement Checklist product is designed to provide funds with details about any specific conditions to be met in qualifying a loan for a particular fund. We work with each individual fund to create a customized set of conditions to include based on specific fund requirements. Some of the key information provided includes:
- Ranking
- Specific Interest related items
- Borrower Domicile and Loan Currency
- Assignment Information
Loan Covenant Discussion Forum
The loan covenant discussion forum provides institutional investors with a medium to discuss any covenant related issues during the negotiation phase of a new loan or proposed amendment. The intent of the service is to streamline communication amoungst lenders in order to facilititate consensus on terms or conditions of new loan or amendments. Our attorneys post comments discussing deficiencies in the covenant package after reviewing drafts and preparing a full covenant analysis report outlining the terms and covenant package. The forum is strictly limited to lenders in the deal and who can demonstrate access to the relevant documents and have appropriate confidentiality agreements in place. Some of the key features include:
- Comments posted using anonymous ID
- Email updates for new comments
- User ability to request a new discussion topic
