Andrew M. Martin
Overview
Clients active in the global loan and claims trading markets turn to Andrew Martin for his effective and collaborative trading solutions as well as his client-focused perspective and market approach to getting trades sorted and closed. Advising his clients from our London and New York offices, Andrew stays current on loan market trends and has extensive experience in the secondary trading of distressed loans under both the Loan Syndications and Trading Association and Loan Market Association trading regimes.
Career & Education
- University of Cincinnati, B.B.A., 1990
- Fordham University School of Law, J.D., 1997
- New York
- Registered Foreign Lawyer (England and Wales)
Professional Activities and Memberships
- Member, Loan Syndications and Trading Association
- Member, Loan Market Association, Secondary Documentation Committee
Andrew's Insights
Client Alert | 11 min read | 07.22.24
In the ever-evolving landscape of English law credit agreements in the European leveraged loan market, the dynamics of lending have undergone significant transformations in the last few years. One issue that has gained prominence is the increase in limits on the ability of lenders to transfer their loans and the associated restrictions imposed on potential new lenders. European syndicated loan agreements have historically included a standardised and expected set of transfer restrictions applicable to prospective lenders, reflective of the market guidance and templates issued by the Loan Market Association (“LMA”). Certainty of terms and the capability of an existing lender to sell out of a loan position have been the hallmark (and expectation) of the LMA loan market. However, trends in the drafting of credit agreements have contained a concerning increase in limitations on loan liquidity. As a result, many lenders are finding it difficult to sell their distressed loans. This article explores these trends, as well as their implications on the secondary loan trading market.
Client Alert | 4 min read | 08.18.23
Change Is a Coming: The Financial Services and Markets Act 2023
Webinar | 04.21.22
Speaking Engagement | 04.21.22
Insights
Plan Support Covenants Survive Attack in Aeromexico’s Bankruptcy Proceeding
|02.08.22
Crowell & Moring’s Restructuring Matters
Andrew's Insights
Client Alert | 11 min read | 07.22.24
In the ever-evolving landscape of English law credit agreements in the European leveraged loan market, the dynamics of lending have undergone significant transformations in the last few years. One issue that has gained prominence is the increase in limits on the ability of lenders to transfer their loans and the associated restrictions imposed on potential new lenders. European syndicated loan agreements have historically included a standardised and expected set of transfer restrictions applicable to prospective lenders, reflective of the market guidance and templates issued by the Loan Market Association (“LMA”). Certainty of terms and the capability of an existing lender to sell out of a loan position have been the hallmark (and expectation) of the LMA loan market. However, trends in the drafting of credit agreements have contained a concerning increase in limitations on loan liquidity. As a result, many lenders are finding it difficult to sell their distressed loans. This article explores these trends, as well as their implications on the secondary loan trading market.
Client Alert | 4 min read | 08.18.23
Change Is a Coming: The Financial Services and Markets Act 2023
Webinar | 04.21.22
Speaking Engagement | 04.21.22