Andrew M. Martin

Partner | He/Him/His

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.

With over two decades of experience, Andrew represents investment funds, hedge funds, investment banks, and other financial institutions in the review and analysis of sophisticated credit products, including syndicated and bilateral credit agreements, with a focus on primary and secondary loan trading. He manages the mechanics for the trading of U.S. and European loans, as well as bankruptcy and insolvency claims, and advises his clients on all aspects of the purchase and sale of other global fixed-income and high-yield investment products.

Andrew has worked closely with investors seeking to acquire strategic positions in the indebtedness of distressed companies and often provides advice to these clients on related bankruptcy and restructuring issues. He has also provided guidance to newly formed hedge funds in connection with the planning and development of their trading and investment platforms. Recently, Andrew has worked closely with the firm’s International Trade Group, providing strategic analyses to financial services clients to help them understand the impact of Russian sanctions on their lending and investment activities.

Andrew serves on the LMA’s Secondary Documentation Committee, which continually reviews and updates market standard documentation in the European loan market. He is also an active participant in the LSTA.

Prior to joining Crowell & Moring, Andrew was the managing partner of the London office of Kibbe & Orbe LLP as well as chairman of its Diversity Committee.

Career & Education

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    • University of Cincinnati, B.B.A., 1990
    • Fordham University School of Law, J.D., 1997
    • University of Cincinnati, B.B.A., 1990
    • Fordham University School of Law, J.D., 1997
    • New York
    • Registered Foreign Lawyer (England and Wales)
    • 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

    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

Transformations in Transferability: Challenges in the European Loan Market Amid Increasing Restrictions

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....

Andrew's Insights

Client Alert | 11 min read | 07.22.24

Transformations in Transferability: Challenges in the European Loan Market Amid Increasing Restrictions

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....