ELFA Chooses Edward Eyerman as New CEO
The European Leveraged Finance Association (ELFA) is delighted to announce the appointment of Ed Eyerman, Former MD European Leveraged Finance at Fitch Ratings, as ELFA CEO, replacing Sabrina Fox.
7 December 2022: The European Leveraged Finance Association (ELFA) Engagement Committee has today released a guide to best practice on bank-led syndication processes from the perspective of ELFA members. The aim of the Best Practice Guide is to provide support to borrowers in the leveraged finance asset class at a challenging time, namely: volatile market conditions, condensed timelines and a deteriorating macroeconomic outlook.
The guide makes several recommendations on ‘crossing the wall’ including the following:
The Guide also makes twenty recommendations on what Term Sheets should detail beyond the usual economic terms, which can be read here.
Sabrina Fox, Chief Executive Officer, European Leveraged Finance Association, commented: “These guidelines provide complete clarity on bank-led syndication processes and outline the precise requirements of investors from borrowers seeking leveraged finance. This Best Practice Guide is designed to improve efficiency and understanding between borrower and investor for the good of both parties, as well as the resilience of the leveraged finance market and all its participants.”