Drafting & Negotiating Financial Covenants - Expand Your Knowledge

Introduction

This virtual classroom seminar will help to further develop and expand industry knowledge of banking and finance professionals working in drafting and negotiating financial covenants.

Practical examples from current UK, EU and other international commercial markets will be used and discussed. Current market trends and approaches on most relevant KPI’s, ‘covenant lite’ drafting for financial covenants in the finance sector, and their impact on documentation and standard practice will be covered.

What You Will Learn

This live broadcast will cover the following:

• All primary elements of current UK market standard financial covenants used in facility agreements
• Various key negotiation and drafting strategies; responses, implications, and successful approaches
• How to properly consider and advise on various practical facility covenants and their management and negotiation issues by better planning and drafting at the facility implementation stage
• What is ‘covenant lite’ drafting in the context of financial covenants? When is it relevant and desirable and to whom?
• Syndicated management issues, ‘yank the bank’ and ‘snooze you lose’ clauses and Impact of LIBOR transition
• Current and new anticipated UK, EU, and US Regulatory News; discussion of their potential marketplace implications for now and in the medium to long term
• Future potential areas of regulatory and other development
• Practical tips for the proper administration and enforcement of such financial covenants
• Examples of how best to apply ‘Plain English’ drafting principles with discussion of a typical checklist for preparing a first draft of certain covenants and related ancillary operative language

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.