Spot the difference: how does the LMA's documentation for East African borrowers compare to its English law counterparts?

• LMA facility agreement templates have been in existence for almost 20 years. They are used as a starting point for the vast majority of English law syndicated loan agreements and are also adapted to form the basis of many bilateral loan agreements.
• The LMA’s geographic focus has expanded over the last five years to include Africa. It has developed a suite of documentation suitable for transactions involving African borrowers.
• This article, prepared in conjunction with Anjarwalla & Khanna in Kenya, considers the current scope of the LMA's loan documentation for Africa and the key features of the LMA's template for borrowers in Kenya, Nigeria, Tanzania, Uganda and Zambia.

This briefing is based on an article that appeared in the April 2019 edition of Butterworth’s Journal of International Banking and Financial Law.