Loan Facility Agreements - A Practical Introduction - Live at Your Desk

Introduction

This 6 hour live broadcast session (split into 2 x 3 hour sessions) 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 this online session 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.

There will be a mixture of speaker-led presentations and practical hands-on exercises and workshops.

What You Will Learn

This live and interactive session 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

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.