Cadwalader ESG Finance and Investment partner Sukhvir Basran collaborated with the Loan Market Association to create the SLL Model Provisions. Sustainability-linked loans (“SLLs”) are one of the most important transition tools, and the launch of these provisions will continue to drive the growth of sustainable finance. You can read the LMA’s press release here.
In addition, Cadwalader recently hosted a breakfast discussion with the LMA and LSTA with the aim of “Unlocking Sustainability-Linked Loans.” During the session, Sukhvir was joined by the LMA’s Gemma Lawrence-Pardew and the LSTA’s Tess Virmani in a conversation addressing some of the most frequently asked questions raised by market participants in respect of SLLs. Click here to listen to the discussion. Click here to read a detailed summary.
Registration is still open for the Fund Finance Association’s 7th Annual European Fund Finance Symposium, which will be held on Monday, June 19, from 9 a.m. to 7:15 p.m., at the QEII Conference Centre in London. For more information or to register, please click here.
In order for fund credit parties to maintain flexibility for investments and meet the changing requirements of investor requirements (tax, ERISA, etc.), they often need to establish multiple investment vehicles to accommodate those requirements. This article touches on some of the options that a Main Fund borrower has when setting up these additional vehicles together with what a lender needs or expects as a result of each approach.
This week we release the ninth installment of our Sovereign Immunity Series. In this installment we will cover Oklahoma, Oregon, Pennsylvania, Rhode Island and South Carolina to give you a high-level overview of sovereign immunity in each of these states.
Much has been written about the introduction of the Cayman Islands Private Funds Act (as revised) and the impact of the PF Act on subscription facilities generally. Here we take a look at the genuine risk of de-registration by the Cayman Islands Monetary Authority of an in-scope private equity fund and practical considerations for a lender when considering any grace period for re-registration.
Women in Fund Finance (WFF) will host its inaugural WFF Chicago event − part panel discussion, part networking event − on Tuesday, May 16 from 5-7:30 p.m. (CDT) at the offices of Mayer Brown.
Cadwalader’s Fund Finance team has continued its recent expansion with the hire of Susan Bumgardner as an associate in the New York office.
We are pleased to announce that partner Smridhi Gulati has joined our Leveraged Finance & Private Credit team in London.
As we finish the last season of LIBOR replacement, the fund finance market is busy amending our loan documents to include SOFR as the interest rate benchmark for U.S. dollar loans. While the cessation date for USD LIBOR is June 30, 2023, the deadlines for the continuing IBOR benchmarks for other currencies are more of a mixed bag. In this piece we analyze the current state of play of the alternative currency benchmark rates to equip you with the information you need to assess their use in your facility documentation.
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We have been following Fund Finance Friday’s journey through different U.S. jurisdictions and the interesting range of approaches taken by various states to sovereign immunity. With the Cayman Islands being the largest offshore fund domicile for U.S. fund managers, we thought it was worth extending the series offshore.