The Loan Syndications and Trading Association (LSTA), the primary domestic trade association for the corporate loan market, has been advocating for the U.S. syndicated loan market since 1995. In addition to promoting corporate loans as an asset class to U.S. and overseas investors, one of the core functions of the association is to standardize primary and secondary market loan documentation.
The primary and secondary corporate loan markets in the U.S. have increased exponentially over the past 10 years. The LSTA reported that at the current trajectory, 2014 could be a record year for trading, with annualized trading standing at $628 billion, which would eclipse the market’s standing record of $520 billion in 2007.1
