Course description
This live and interactive online 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 virtual classroom session will be a mixture of speaker-led presentations and practical hands-on exercises and workshops. Join experienced presenter Lynn Cantwell as she discusses the structure of a facility agreement, negotiating the key clauses, transferring loans, practical advice for closing, and security, plus much more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
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
- Alternatives
- Bilateral vs syndicated
- Loan market association
- Sub participation
- Purpose of the loan
- Mechanics to drawdown
- Interest
- Other key terms
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 - Transferring Loans
- Assignment
- Novation
- Provisions as between lenders
Part 4 - Conditions Precedent & Practical Advice for Closing
- Constitutional documents, board minutes and certificates
- Legal opinions
- Finance documents
- Financial statements and reports
- Transaction documents and the different conditions you might require depending on the nature of the transaction
- Insurance
Part 5 - Security
- Types of security
- Priority arrangements
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...