Loan Documentation

"The course provided an in-depth assessment of loan documentation and opened my eyes to new ways of viewing the loan document" Associate, Clarke Gittens Farmer The first module of this five-day course will take you step-by- step through the loan documents including written offers, administrative provisions, representations, ovenants, default, due diligence and different kinds of financial support. The course will look at these issues from the perspective of English law and will include a comparison between the wording of English and US loan agreements. The second module will build on the first, with more opportunities to apply the topics covered in practice. It will also deal with some more difficult issues such as cross-border and intercreditor issues, contractual alternatives to guarantees and a comparison between corporate, asset, and project based loan agreements. The course will consist of a series of lectures and workshops that will provide you with a practical insight into dealing with the documentation of loans. By the end of the course you will be thoroughly familiar with the most important aspects of loan documentation. How this course will help you: Be guided through the essential elements of various loan transactions Learn how to negotiate representations, covenants and events of default from both a lender's and borrower's perspective Improve your knowledge of interbank markets and basic administrative provisions Become familiar with the standard 'boilerplate' provisions Understand the concept of due diligence Master common banking expressions Consider the loan agreement in different commercial context: corporate risk, project risk and asset risk Discuss a variety of issues and comments on the loan agreement which are commonly raised by borrowers Improve your knowledge of put options, leases, off take agreements and other contractual support **If you register for both Loan Documentation and Advanced Loan Documentation you will recieve a 15% discount upon requesting a invoice for the courses.
DAY 1 Introduction The Most Common Structures of Loan Transactions Single banks and syndicated loan Term loans and revolving credit facilities Single currency and multi-currency facilities Loan and guarantee facilities Secured and unsecured facilities Workshop (part 1): Common expressions used in International Banking Term Sheet What issues should it address? How much detail should it contain? Is it intended to create a legally binding commitment? Interbank Markets Interest Period and Interest Rates Match Funding Broken Funding Costs Loan Agreement Overview Structure of the document Principal concerns Common Terms of the Loan Agreement – Administrative Provisions Drawdown procedure Interest rate and interest periods Repayment, prepayment and cancellation Payment provisions Common Terms of the Loan Agreement Representations and warranties Positive and negative covenants Events of Default DAY 2 Workshop: Common terms of the loan agreement – Repeated representations Participants will review a loan agreement and identify conflicting provisions Workshop Discussion Workshop (part 2): Common expressions used in International Banking Due Diligence Legal opinions Loan Transfers Novations Assignments Sub participations Credit derivatives