LSTA

Sean P. Griffin Named LSTA Executive Director

Retrieved on: 
Monday, April 1, 2024
Banking, Professional Services, Finance, CLO, LSTA, Griffin, J.P. Morgan & Co.

The Loan Syndications and Trading Association (“LSTA”), the trade association for the corporate loan market in the United States, today announced that Sean P. Griffin has been named Executive Director of the organization.

Key Points: 
  • The Loan Syndications and Trading Association (“LSTA”), the trade association for the corporate loan market in the United States, today announced that Sean P. Griffin has been named Executive Director of the organization.
  • Griffin joins the LSTA from J.P. Morgan Securities, where he was Managing Director responsible for the global primary CLO business, focusing on the origination, structuring, and distribution of CLO transactions for issuer-clients.
  • Griffin succeeds Lee M. Shaiman, 68, who will be retiring after he serves for a period as a senior advisor to the LSTA.
  • LSTA Board of Directors Co-Chairs David Lerner of Shenkman Capital and Alexander Stromberg of Barclays, said, “On behalf of the entire Board, we are delighted to welcome Sean Griffin aboard to lead the LSTA.

AGL Credit Management Has Three CLOs Named Finalists for DealCatalyst's 2024 Deals of the Year Awards

Retrieved on: 
Tuesday, February 27, 2024
AGL, CLO, Innovation, Organization, Lisp (programming language), LSTA, CIO, Partnership

NEW YORK, Feb. 27, 2024 /PRNewswire/ -- AGL Credit Management LP ("AGL"), an experienced investment manager focused on corporate credit strategies, today announced three of its CLOs have been shortlisted as finalists for Deals of the Year by DealCatalyst's annual U.S. CLO Awards.

Key Points: 
  • NEW YORK, Feb. 27, 2024 /PRNewswire/ -- AGL Credit Management LP ("AGL"), an experienced investment manager focused on corporate credit strategies, today announced three of its CLOs have been shortlisted as finalists for Deals of the Year by DealCatalyst's annual U.S. CLO Awards.
  • From 266 U.S. CLOs issued in 2023, AGL CLO 24 and AGL CLO 28 were shortlisted for Best Performing BSL CLO Deal of the Year.
  • Founded in March 2019 by leveraged loan pioneer Peter Gleysteen, AGL has priced over 30 CLOs in less than five years and is a consistent top performer in its CLO vehicles.
  • "Our team has remained active over the past year and continues to deliver strong risk-adjusted returns to our investors."

MFA Files Lawsuit Against SEC to Prevent Adoption of Private Fund Adviser Rule

Retrieved on: 
Friday, September 1, 2023
Professional Services, Courts, Public Policy, Government, Legal, Finance, Asset Management, MFA, Investment Advisers Act of 1940, LSTA, AIMA, Pension, Disclosure, Appellate court, United States Court of Appeals for the Fifth Circuit, Fifth Circuit Four, Managed Funds Association, AIC, Gibson Dunn, National Association, Privatization fund, American Investment Council, Financial adviser

The petitioners are represented by Gene Scalia and Helgi Walker of Gibson, Dunn & Crutcher LLP.

Key Points: 
  • The petitioners are represented by Gene Scalia and Helgi Walker of Gibson, Dunn & Crutcher LLP.
  • “The SEC has overstepped its statutory authority and core legislative mandate, leaving us no choice but to litigate,” said MFA President and CEO Bryan Corbett.
  • “The Private Fund Adviser rule will harm investors, fund managers, and markets by increasing costs, undermining competition, and reducing investment opportunities for pensions, foundations, and endowments."
  • The negative effects on private fund advisers and their investors are a product of these harmful aspects of the rule:
    Needlessly limiting the right of private fund advisers and their investors to tailor their relationships and interactions;
    Enacting overreaching prohibitions and restrictions on certain private fund adviser activities; and
    Imposing onerous, costly disclosure requirements and administrative obligations upon private fund advisers.

Streamline Innovations Expands Growth Capital Commitment to Meet Rising Demand for Emissions Solutions

Retrieved on: 
Wednesday, August 30, 2023
Oil, Gas, Environment, Alternative Energy, Energy, Engineering, Chemicals, Plastics, Green Technology, Manufacturing, Carbon, Term loan, Plain Green Loans, LSTA, Hydrogen sulfide, RCP, Fitch Ratings, RNG, VALKYRIE, H2S, FLEX, Renewable natural gas, Innovation, Landfill gas, ECO, Growth, ESG, Entrepreneurship, LFG, CCUS, Renewable energy, Coal, Streamline

Many alternative treatment solutions result in hazardous or toxic byproducts that require special handling.

Key Points: 
  • Many alternative treatment solutions result in hazardous or toxic byproducts that require special handling.
  • Importantly, Streamline VALKYRIE solutions handle variability in gas flow rates and temperatures, providing RNG producers a robust method for upgrading raw biogas to commercial, pipeline quality RNG.
  • “We successfully deployed the original capital commitments to expand our lease fleet and increase our responsiveness to growing customer demand.
  • Since our initial investment in Streamline, they have achieved substantial growth with over 40 H2S treating units deployed today.”

CUSIP Global Services Launches New CUSIP-Based Entity Identifier for the $5T Syndicated Loan Market

Retrieved on: 
Wednesday, August 2, 2023
CGS, Senior, CEI, LSTA, API, Risk management, CUSIP, Bank

NORWALK, Conn., Aug. 02, 2023 (GLOBE NEWSWIRE) -- CUSIP Global Services (CGS) today announced the launch of a unique entity identifier created specifically for the $5 trillion syndicated corporate loan market.

Key Points: 
  • NORWALK, Conn., Aug. 02, 2023 (GLOBE NEWSWIRE) -- CUSIP Global Services (CGS) today announced the launch of a unique entity identifier created specifically for the $5 trillion syndicated corporate loan market.
  • The CUSIP Entity Identifier (CEI), a unique 10-character code assigned to each legal entity holding corporate loans, was developed in collaboration with the LSTA and Versana, the industry-backed digital data and technology platform transforming the global syndicated loan market.
  • We foresee enhancing workflow efficiency and improving data transparency through the CEI,” said Scott Preiss, Senior Vice President and Global Head, CUSIP Global Services.
  • With the addition of the CEI for corporate loan holders, CUSIP Global Services has introduced an entity-level ID that will follow each legal entity participating in the syndicated loan and private credit markets, delivering end-to-end transparency between the loan and its counterparties.

Greenberg Traurig's Alexander Sellinger Named a 2023 Secured Finance Network '40 Under 40' Honoree

Retrieved on: 
Tuesday, June 20, 2023
LLP, LSTA, Sellinger School of Business and Management, Greenberg Traurig, Fordham University School of Law, Mentorship, Committee, Clothing, Cryptocurrency

NEW YORK, June 20, 2023 /PRNewswire-PRWeb/ -- Alexander Sellinger, an associate in global law firm Greenberg Traurig, LLP's Corporate Practice in New York, has been selected as a 2023 Secured Finance Network "40 Under 40" honoree.

Key Points: 
  • Alexander Sellinger, an associate in global law firm Greenberg Traurig, LLP's Corporate Practice in New York, has been selected as a 2023 Secured Finance Network "40 Under 40" honoree.
  • NEW YORK, June 20, 2023 /PRNewswire-PRWeb/ -- Alexander Sellinger , an associate in global law firm Greenberg Traurig, LLP's Corporate Practice in New York, has been selected as a 2023 Secured Finance Network "40 Under 40" honoree.
  • According to the Secured Finance Network, the annual award celebrates the achievements of those in the secured finance industry who contribute to their communities and the industry as a whole.
  • Outside of his finance practice, Sellinger is involved in industry, academic, and community groups, including the Secured Finance Network.

KBRA Joins ESG Integrated Disclosure Project’s Executive Committee

Retrieved on: 
Thursday, June 15, 2023
Banking, Professional Services, Environmental, Social and Governance (ESG), Finance, ACC, PRI, Socially responsible investing, LSTA, AIMA, KBRA, Disclosure, Loan Market Association, Executive Committee, CDP, ESG, Principle, Online shopping

KBRA is pleased to announce that Pat Welch, Chief ESG and Ratings Policy Officer, will represent KBRA on the ESG Integrated Disclosure Project’s (ESG IDP) Executive Committee.

Key Points: 
  • KBRA is pleased to announce that Pat Welch, Chief ESG and Ratings Policy Officer, will represent KBRA on the ESG Integrated Disclosure Project’s (ESG IDP) Executive Committee.
  • ESG IDP’s goal is to promote greater harmonization and accountability in the disclosure and reporting of key ESG indicators within private credit markets.
  • KBRA has been heavily focused on facilitating better quality and more consistent ESG disclosures, and the ESG IDP is a very important step to enhancing this data in the private credit and syndicated loan space.
  • The ESG IDP is also supported by a coalition of market stakeholders including CDP, the ESG Data Convergence Initiative, and the Loan Market Association.

Eolian Announces Closing Of $515 Million Green Loan

Retrieved on: 
Tuesday, June 6, 2023
Loan Syndications and Trading Association, Investment banking, SMBC, National Australia Bank, LSTA, Banco Santander, MUFG, APLMA, Loan Market Association, Global Infrastructure Partners, Special Loan Program for China-Latin America Infrastructure Project, GIP, Natixis, LMA, Bank, Renewable energy

BURLINGAME, Calif., June 6, 2023 /PRNewswire/ -- Eolian, L.P. ("Eolian"), a portfolio company of Global Infrastructure Partners ("GIP"), together with Banco Santander, MUFG, National Australia Bank, Natixis Corporate & Investment Banking, and SMBC, today announced the closing of a $515 million renewable energy green loan.

Key Points: 
  • BURLINGAME, Calif., June 6, 2023 /PRNewswire/ -- Eolian, L.P. ("Eolian"), a portfolio company of Global Infrastructure Partners ("GIP"), together with Banco Santander, MUFG, National Australia Bank, Natixis Corporate & Investment Banking, and SMBC, today announced the closing of a $515 million renewable energy green loan.
  • This financing is secured by a diverse group of eligible green projects developed by Eolian over the past 20 years and is aligned with the four pillars of the Green Loan Principles, jointly published by the Asia Pacific Loan Market Association (APLMA), the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA) in February 2023.
  • "The closing of this long-term financing with a club of five premier global lenders validates the broad appeal of Eolian as a sponsor and of its uniquely diversified and compelling clean energy portfolio," said Eolian CEO Aaron Zubaty.
  • Natixis is very pleased to have acted as the Green Loan Coordinator on this transaction, which recognizes the vital clean infrastructure development and investment work undertaken by Eolian."

KBRA Releases Recap of 2nd Annual Private Credit Industry Conference on Direct Lending and Middle Market Finance

Retrieved on: 
Tuesday, May 2, 2023
Professional Services, Finance, Loan Syndications and Trading Association, PIK, LSTA, KBRA, Silicon Valley Bank, BSL, SVB, Growth, ESG, Conference, Bank

KBRA releases a recap of the 2nd Annual Private Credit Industry Conference on Direct Lending and Middle Market Finance, hosted by the Loan Syndications and Trading Association (LSTA) and DealCatalyst, and held in Fort Lauderdale, Florida, on April 27-28.

Key Points: 
  • KBRA releases a recap of the 2nd Annual Private Credit Industry Conference on Direct Lending and Middle Market Finance, hosted by the Loan Syndications and Trading Association (LSTA) and DealCatalyst, and held in Fort Lauderdale, Florida, on April 27-28.
  • First, higher rates will result in greater credit stresses in manager portfolios in 2H 2023, keeping managers, sponsors, and borrowers busy.
  • Conversely, the level of debt and leverage in the private credit market is an unlikely source of broader financial risk in the future.
  • Middle market leverage tends to be relatively low, especially in relation to leverage levels in the broadly syndicated loan (BSL) market.

Colbeck Capital to Join The Private Credit Industry Conference on Direct Lending and Middle Market Finance

Retrieved on: 
Thursday, April 20, 2023
Professional Services, Business, Finance, Asset Management, Consulting, Banking, Conference, LSTA, Cerberus Capital Management, Bank, Security (finance), Documentation

Colbeck Capital Management, a leading middle-market private credit firm focused on strategic lending, is pleased to share that Robert Gallivan, Partner and Head of Investment Team , will participate at The Private Credit Industry Conference on Direct Lending and Middle Market Finance hosted by LSTA and DealCatalyst in Fort Lauderdale.

Key Points: 
  • Colbeck Capital Management, a leading middle-market private credit firm focused on strategic lending, is pleased to share that Robert Gallivan, Partner and Head of Investment Team , will participate at The Private Credit Industry Conference on Direct Lending and Middle Market Finance hosted by LSTA and DealCatalyst in Fort Lauderdale.
  • Mr. Gallivan’s panel, “Emerging Trends in Documentation (For All Sides of the Table)”, to be held on Thursday, April 27th, 2023, at 4:00 p.m. eastern, will explore emerging trends within deal documentation, tips for navigating the road ahead, lessons learned from past creditor situations, and important considerations for lenders, borrowers and private equity firms when arranging a deal.
  • To learn more about the event and register, please click here .