MFA submits amicus brief defending creditor coordination in syndicated loan markets

MFA filed an amicus brief with other leading financial trade associations to urge U.S. District Courts for the Southern District of New York to reject claims that creditor cooperation agreements violate U.S. antitrust law. Creditor cooperation agreements are a standard, procompetitive feature of credit markets. For investment managers that participate in creditors' committees, the ability to act collectively, consistent with fiduciary obligations, helps ensure orderly and efficient restructurings.