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Apr 18, 2018

Thompson and Leeds Ruby Write Chapter on ‘Global Trends in the Leveraged Loan Market in 2017’

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Partners Joshua Thompson (New York-Finance) and Caroline Leeds Ruby (London-Finance) co-authored a chapter in The International Comparative Legal Guide to Lending & Secured Finance, published by Global Legal Group. Now in its sixth edition, the book provides corporate counsel and international practitioners with a comprehensive worldwide legal analysis of the laws and regulations of lending and secured finance. 

The chapter by Thompson and Leeds Ruby, titled “Global Trends in the Leveraged Loan Market in 2017,” examines the reasons for the high level of leveraged loan issuances in both the U.S. and European markets last year – the most since the credit crisis a decade ago. The authors discuss the preference of leveraged covlite term loans over high yield bonds; the erosion of pricing protections; the softening of change of control provisions; the increasing flexibility to incur incremental and incremental equivalent debt; and U.S. tax reform, among other topics. 

Read ‘Global Trends in the Leveraged Loan Market in 2017’

Authors and Contributors

Joshua Thompson

Partner

Finance

+1 212 848 8703

+1 212 848 8703

New York

Caroline Leeds Ruby

Partner

Finance

+44 20 7655 5944

+44 20 7655 5944

London

Practices

Regional Experience