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Loan Documentation

Euromoney Learning
Course summary
Professional Training
3 days
3,245 EUR, 3,245 GBP, 3,695 USD excl. VAT
Professional Training
Course Dates
Online courses
3,695 USD
19/09/2022

London
3,245 GBP
07/11/2022

Course description

Loan Documentation

'Loan Documentation' is a three day intensive course which covers the documentary aspects of a loan transaction, concentrating particularly on the loan agreement itself. The course will provide a clause-by-clause analysis of the loan agreement, highlighting the commercial issues which they give rise to. You will be taken step-by-step through the documentation, from the early stages of offer letters, through to administrative provisions, representations, undertakings, defaults, transfer provisions, guarantees and security By attending this course, you will fully understand the commercial implications of the loan documentation and the key issues to watch out for

Outcome / Qualification etc.

  • Recognise the legal nature of a letter of commitment
  • Understand the structure of the documentation and how the various provisions interlink
  • Learn how to spot the key commercial issues quickly
  • Become familiar with the interest rate, increased costs and withholding tax provisions and the regulatory issues which help to shape them
  • Appreciate the significant issues in the representations, repeating representations, undertakings and events of default from both a lender’s and borrower’s perspective
  • Become familiar with the structure of security documentation and the importance of the application of funds clauses
  • Learn what legal opinions do and do not do and their role in the due diligence process

Training Course Content

Day 1

Introduction

  • The most common structures of loan transactions
  • Single banks and syndicated loans
  • Term loans and revolving credit facilities
  • Single currency and multi-currency facilities
  • Loan and guarantee facilities
  • Secured and unsecured facilities

Pre-Contractual Issues

  • What issues should it address?
  • How much detail should it contain?
  • Is it intended to create a binding legal commitment?

Risk free rates and LIBOR transition

This session will involve consideration of risk free rates and the transition from LIBOR

Withholding Tax

Here we will look at withholding tax, double taxation treaties, and the consequences for the loan documentation.Overview and Administrative Provisions

This session will involve an overview of the loan agreement and how it is structured to protect the lender, and an examination of the "mechanical" provisions of a typical loan agreement, such as the payments clause and the procedures to be followed on drawdown.

  • Drawdown procedures
  • Repayment and prepayment

Representations

  • participants will consider the purpose of the representations. Typical representations will be considered, including common comments from either side.

Day 2

Repeated Representations

We will review the homework, the impact of repeating representations, and the interrelations between different parts of the document, both in a term loan and in a revolving credit.

Undertakings and Events of Default

Typical undertakings and events of default will be discussed, including:

  • Financial covenants
  • Pari passu
  • Negative pledge
  • sanctions
  • Cross default
  • Material adverse change
  • “Default”

Glossary of Terms

participants discuss the meanings of common terms used in this field

'Boilerplate' Provisions and Loan Transfers

  • Set-off clause
  • Indemnities
  • Agency clause
  • Pro-rata sharing clause
  • Loan transfers
  • Novations
  • Assignments
  • Sub participations
  • Credit Derivatives

Day 3

Workshop

Impact of security on the documentation and on the transaction process

Different types of security will be considered, including:

  • Liens
  • Pledges
  • Charges (fixed and floating)
  • Mortgages
  • Title as an alternative

Why choose Euromoney Learning

4.75/5 rating on course check for service

25,000 professionals trained across public courses

99 countries where training is delivered

Expenses

The Course fee: 3245 + VAT

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About provider

Euromoney Learning

At Euromoney Learning, we understand that learning doesn’t start and end when you leave the classroom. We know that the financial markets never stand still, and that technology has both simplified and added complexity at a break-neck pace. That’s why...


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Contact info

Euromoney Learning

8 Bouverie Street,
EC4Y 8AX, London

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https://www.euromoney.com/learning/social-learning

Reviews

Average rating 4

Based on 5 reviews.

Timo, Schwarz Dienstleistung
The organisation of the course was perfect. Small group with high learning potential and enough time for questions.
Leila, KazMunayGas Trading
It was very informative, presenter was very knowledgeable and offered valuable information and tips.
Laetitia, Total Solar
The Euromoney Learning team was reactive and the training was useful.
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