Mike Avidon Contributed to LSTA’s Draft Model Form of Revolving Credit Agreement

October 1, 2021

The Loan Syndications and Trading Association (LSTA) on September 30, 2021 distributed to LSTA members a revised draft of its model form of revolving credit agreement (which was first published in 2017).  Many of the changes were to the agreement’s letter of credit-related provisions and reflect comments from our Banking & Finance Practice Group, which our Banking & Finance partner Michael Evan Avidon conveyed to LSTA in his role as Co-Chair of the American Bar Association’s Letters of Credit Subcommittee.