Course description
Overview
The course will provide you with a comprehensive grounding in the key legal and commercial issues to be considered when negotiating a loan agreement from the viewpoint of both lender and borrower. Using case studies and practical examples it will also familiarise you with the terminology used in this area.
Who is this for?
This course will be of benefit to all practitioners who are new to this area, including junior corporate and banking lawyers and those requiring a refresher in this area of law. Also suitable for banking and other professionals or in-house personnel who deal with drafting or negotiating loan agreements and require a solid understanding of the key concepts and phraseology used in this area.
What will you learn?
The course will provide you with a comprehensive grounding in the key legal and commercial issues to be considered when negotiating a loan agreement from the viewpoint of both lender and borrower. Using case studies and practical examples it will also familiarise you with the terminology used in this area.
By the end of this course you will be able to:
- Identify the main commercial issues for companies when deciding to borrow and for lenders when deciding to lend.
- Describe the most common different types of loan facility and an overview of the process of syndication
- Understand and negotiate the key provisions in a loan agreement (including conditions precedent, repayment and pre-payment, general undertakings, financial covenants, representations and warranties, events of default and loan transfers)
- Summarise the key drafting and negotiating points from the perspective of both borrower and lender
- Be aware of some of the key considerations when drafting or advising on bilateral; multilateral and syndicated loan agreements.
How will this help your career?
Knowledge of loan agreements and how to advise, navigate, negotiate and interpret them will inevitably be required by you in various areas of law both in a commercial and private context and put you one step ahead.
Other related courses
Finance Fundamentals 1 - Introduction to Finance & Accounting
Taking Security - A Practical Guide
PSC Elective
This course may be taken as a PSC elective, although it may also be attended by non-trainees.
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Upcoming start dates
Suitability - Who should attend?
This course will be of benefit to all practitioners who are new to this area, including junior corporate and banking lawyers and those requiring a refresher in this area of law.
Training Course Content
By the end of this course you will be able to:Identify the main commercial issues for companies when deciding to borrowDescribe the different types of loan facility and the process of syndicationUnderstand and negotiate the key provisions in a loan agreement (including conditions precedent, repayment and pre-payment, general undertakings, financial covenants, representations and warranties, events of default and loan transfers)Summarise the key drafting and negotiating points from the perspective of both borrower and lender