1
Type
Speaker
CPD Hours Level
Seminar 6 IntroductionInformation
Accreditation Information
SRA Competency B

Introduction

This course will explore the essential structure of a loan facility agreement and consider in detail both borrower and lender concerns in negotiating key provisions.

The aim of the course is to help you to understand the purpose of the standard lender protections included in facility agreements and also offer practical advice in relation to financial close and drawdown. The conditions to drawdown under a facility agreement will also be explored.

The course will be a mixture of speaker led presentations and practical hands on exercises and workshops.

What You Will Learn

This course will cover the following:

Part 1 - Structure of a Facility Agreement

  • Types of facility
    • Term Loan
    • Revolving
    • Overdraft
    • Bridging
  • Single loan vs multiple loans
  • Bilateral vs syndicated
  • Borrowers and other obligors
  • Secured vs unsecured
  • Purpose of the loan
  • Mechanics to drawdown
  • Interest
  • Repayment and Prepayment

Part 2 - Negotiating the Key Clauses

The reasons behind the provisions and both borrower and lender positions in negotiations in respect of:

  • Representations and warranties
  • Information covenants
  • General covenants
  • Financial covenants
  • Events of default

Part 3 - Standard Lender Protections

  • Tax indemnities
  • Other indemnities
  • Increased Costs
  • Hedging requirements
  • Provisions as between lenders

Part 4 - Conditions Precedent

  • Constitutional documents, board minutes and certificates
  • Legal opinions
  • Finance documents
  • Financial statements and reports
  • Funds flow
  • Transaction documents and the different conditions you might require depending on the nature of the transaction
  • Insurance
  • Existing security

Part 5 - Practical Advice for Drawdown and Closing

  • Documents list and managing your CPs
  • Signatories
  • Drawdown notice
  • Undertakings

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Seminar | 13.12.2019

London | 9:30am - 5:15pm


Loan Facility Agreements - A Practical Introduction

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Dec
13
2019
London
9:30am - 5:15pm
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Prices (ex VAT)
Smart
Plan Information
£216
Season
Ticket Information
£240
Standard
£480
Group bookings
Discounts are available for multiple places and if you have 5 or more people interested in this course and would like to discuss holding it in your area or on an in-house basis then please email us at information@mblseminars.com
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