2026 proved to be a year of legal evolution and innovation for loan market participants: cooperation agreement activity and anti-cooperation language; the continued convergence and divergence between the broadly syndicated (BSL) and private corporate credit (PCC) markets; the robust growth of fund finance; and the burgeoning of a digital financing market. This panel will provide an overview of the latest developments shaping BSL and PCC loan market documentation, with a focus on emerging market trends, recent liability management drafting innovations and evolving regulatory risks. Speakers will provide practical insights on how these trends are influencing both legal documentation and loan market practice.

Moderator:

• Elizabeth Yazgi, Assistant General Counsel, LSTA

Panelists:

• Abby Boxer, Partner, Corporate Finance & Investments, King & Spalding LLP
• Matthew Frankle, Partner, Haynes & Boone LLP
• Ilona Potiha Laor, Partner, A&O Shearman LLP