Loan Documentation Course Outline
About this course
This 1-day course examines the risk and commercial considerations behind the various clauses and conditions in a typical loan agreement. It will provide Participants with a solid understanding of loan agreements, providing a foundation from which to review and negotiate such documents.
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COURSE OUTLINE
- Overview of Loan Agreements
- Different types of Loan Agreements (Syndications, Club loans, Bilaterals)
- Loan Market Association (LMA) Agreements
- Basic Information on Loan Agreements
- Details of Lenders
- Details of Borrower
- Facility Outline
- Specific Information
- Pricing (Margin, Reference Rates)
- Fees
- Representation and Warranties
- Legal Warranties and Commercial Warranties
- Concept of Continuing Representation and Warranties
- Covenants
- Different types of covenants
- Typical financial covenants
- Typical non-financial covenants
- Events of Default
- What are they?
- Curing periods
- Cross Default vs Cross Acceleration
- Conditions Precedent/Subsequent
- Typical Conditions Precedent (CPs) in a Loan Agreement
- Jurisdiction/Choice of Law
- Importance of choosing the right jurisdiction and choice of law
- Preserving a Lender’s priority position
- Key covenants used to protect a Lender’s position
- Loan Sell-down
- Different techniques for selling down a loan (Novation, Assignment, Sub-participation)
- Borrower considerations
- Term Sheets
- What are they?
- Main features of Term Sheets
Who should attend?
- Corporate and Investment Bankers
- Corporate and Commercial Lawyers
- Financial Directors/Financial Managers
- Corporate Treasurers
- Investor Relations Practitioners
