Publications

Second Circuit Could Upend Syndicated Loan and CLO Markets

Author, Bloomberg Law

Jenn Behrens discusses the potential impact of a Second Circuit ruling on whether syndicated loans should be classified as securities. She explains how reversing the lower court’s decision could impose significant regulatory and compliance costs, disrupt loan transactions, and affect the collateralized loan obligation (CLO) market. She emphasizes the importance of preserving the established treatment of syndicated loans to maintain certainty and stability in the lending markets.