Ian
McIsaac
Financial
Training and Consultancy
Loan Documentation and Syndicated Loans
Aims:
A two-day course designed for both bankers and borrowers
who require an understanding of the practical and legal issues
involved in negotiating loan agreements. The course also examines
the issues surrounding security and the different types of
insolvency regimes round the world.Course
Dates
Course Programme:
The importance of documentation
The purpose of documentation
Legally-binding contracts
Intention of parties
Key Documents: credit agreement, term sheets and prospectus
Debt instruments and documentation
Types of advance and facility
Term loans, revolving credits, committed/uncommitted
The syndicated loans market: the transaction cycle
Overview of key clauses and provisions
Loan agreement: Factual information
Key payment obligations : advances, pricing and repayment
Multicurrency agreements
Governing Law
Other provisions
Loan agreement: Credit Issues
Conditions precedent
Representations and warranties
Covenants and undertakings: positive and negative
Events of default
Guarantees and letters of support
Syndicated Loans
Role of agent and arranger
Rights of participating banks
Transfers: assignment, novation and sub-participation
Secondary loan market
Security
Priority ranking
Different types of security
Clauses in security documentation
Granting and perfecting collateral
Asset-based transactions
Insolvency Issues
Insolvency regimes
Distress and insolvency procedures
Bankruptcy remoteness
Schemes of arrangement
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