Advanced Loan Documentation

Euromoney Learning Solutions

How long?

  • from 2 days
  • in person

Euromoney Learning Solutions

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Reviews

Comprehensive course analysis

How many participants were promoted within three years after graduation?
How did this course affect participants' professional trajectories?
How many participants got their salary increased within two years after completing the program?
What do past participants have to say about the course?
FREE
Individual needs analysis

For a limited time only $40.00 $20.00

Order

Who should attend

  • In-house lawyers in banks and financial institutions
  • Bankers concerned with the negotiation of loans
  • Bank executive involved in the documentation of loans
  • Lawyers in private practice who advise clients on loan agreements
  • Corporate counsel
  • Credit control officers
  • Credit administration officers

About the course

Our Advanced Loan Documentation the follow on to our ever popular loan documentation training programme that has run for more than ten years. The course will deal with the more structural and commercial side of the loan agreement and will give delegates more opportunities to practice making and responding to comments on the documents.

In three days the course will cover a substantial range of topics including structural issues, contractual support arrangements, key clauses in the loan agreement, the loan agreement in different commercial contexts and legal issues that arise in financing transactions.

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.

*This course will help you *

  • Understand the essential elements of various loan transactions
  • Appreciate how to avoid the conflict between representations, conditions precedent, undertakings and events of default
  • Gain a thorough understanding of different forms of contractual support and their advantages and disadvantages as compared with claims in debt
  • Discuss a variety of issues and comments on the loan agreement which are commonly raised by borrowers
  • Improve your knowledge of other common financing documents including a contract assignment and a subordination agreement
  • Be able to negotiate key clauses in a financing package
  • Master the important legal issues which commonly arise in a financing transaction including trusts and fiduciary duties

Agenda

Day 1

Review of key loan agreement issues

  • “Relevant companies”
  • Conflict between representations, conditions precedent, undertakings and events of default
  • The Pari Passu clause
  • The negative pledge
  • The cross default clause
  • The material adverse change clause
  • Linking the loan to the borrower’s rating
  • “Material”, “reasonable” worth the debate?
  • Grace periods
  • Prepayment events
  • Subjectivity and control in the context of events of default

Workshop 1: review clauses from a loan agreement and identify key issues for the borrower.

The loan agreement in different commercial contexts

Comparison of provisions appropriate to a corporate risk, project risk and/or an asset risk

  • Drawdown
  • Financial ratios
  • Undertakings
  • Defaults
  • Additional considerations where the borrower is a special purpose company
  • Homework preparation for workshop 2

Day 2

Workshop 2: review comments from a borrower on a loan agreement and consider the bank’s response.

Review workshop

Key legal issues part 1: basic points

  • Types of claim and remedies

Key legal issues part 2: governing law and jurisdiction

  • What courts have jurisdiction to deal with disputes in an international context? What law will they apply?

Key legal issues part 3: bank/agent liabilities

Responsibility for misrepresentations

  • For the arranger
  • For a bank selling a participation in the secondary market
  • For the borrower
  • For the lawyers

Exclusion clauses

  • How effective are they?

Key legal issues part 4: bank/agent liabilities

Other responsibilities of the banks

  • Agents and trustees
  • Fiduciary duties
  • Conflicts of interest

Key legal issues part 5: clawback/unenforceability

  • In what circumstances might obligations be avoided or become unenforceable?
  • Financial assistance
  • Ultra vires
  • Commercial benefit
  • Preferences
  • Transactions at an undervalue
  • Registration
  • Penalties
  • Administration
  • Interference with contacts

Day 3

Workshop 3: participants will be given a scenario and asked to spot the legal issues.

Structural issues

  • Damages and debt – what are the differences?
  • Structural subordination
  • Substitutes for guarantees e.g.
  • Commitments to inject capital
  • Comfort letters
  • Put options, leases, offtake agreements and other contractual support
  • Contract assignments
  • Security on bank accounts
  • Security, title financing and recharacterisation

Workshop 4: participants will review key terms of a contract which a bank is proposing to take as security and identify issues which need to be resolved.

Intercreditor arrangements

We will review a number of different intercreditor agreements relevant to different circumstances.

Experts

Sue Wright

Sue Wright is a solicitor with over 18 years experience in international banking transactions, including syndicated loans, subordinated debt, structured finance and tax driven transactions. She was a partner in the banking department at Norton Rose for 8 years and was responsible for training ass...

Videos and materials

Advanced Loan Documentation at Euromoney Learning Solutions

From  $3,150

Something went wrong. We're trying to fix this error.

Thank you for your application

We will contact the provider to ensure that seats are available and, if there is an admissions process, that you satisfy any requirements or prerequisites.

We may ask you for additional information.

To finalize your enrollment we will be in touch shortly.

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

We are happy to help you find a suitable online alternative.