The U.S. Loan Syndications and Trading Association ("LSTA") has updated various LSTA documents for Par and Distressed Trade Transactions. The amendments apply to all trades with a trade date on or after 24 April 2014 and incorporate provisions including:
- the Foreign Account Tax Compliance Act (FATCA);
- changes to the LSTA's participation agreements (to bring in line with the various changes made to the Collateral Annex last year); and,
- other non substantive changes.