Advanced Loan Documentation

Euromoney Learning Solutions

How long?

  • 2 days
  • online, 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.

Read more about Digital Transformation

Digital transformation is the process of adopting and utilizing state-of-the-art technologies in order to boost business activity, improve safety, and...

Read more about Finance

Finance is an integral and most important component of any business, so everyone needs to improve their competence in this area. Finance courses will ...

Reviews

Comprehensive course analysis

Unbiased reviews from past participants
Global companies alumni of this course worked for
Positions of participants who took this course
Countries where most past participants are from
FREE
Individual needs analysis

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

The course studies the structural and commercial side of the loan agreement

This course, in it's two day format, forms Module 2 of the Loan Documentation School

This module takes place over two short (5 hours) days and builds on Module 1 - our ever popular “Loan Documentation” program. This module gives delegates the opportunity to debate some of the key clauses in the loan agreement (and discussed in Module 1) in a highly practical workshop. For this purpose delegates will be expected to have a working knowledge of the key clauses and issues listed in the section on prerequisites

The course also looks at how the commercial context will affect the documentation - focussing in particular on project and asset finance. Finally, it also covers the other documents in a loan financing package – the security, intercreditor arrangements and legal opinions and the issues which those documents address.

*This course will help you *

  • Consolidate your understanding of the commercially important points in the documentation package
  • Appreciate the linkage between different documents in the financing package
  • Master the important legal issues which commonly arise in a financing transaction including what can go wrong, where, and how to minimise the risks of this happening
  • Improve your understanding of intercreditor agreements and of the different types of subordination
  • Understand the key features of asset and project based loans and
  • Understand the impact of security on the documentation and on the transaction process

Prerequisites

Delegates will need to have a working knowledge of the following topics. These topics will either not be covered at all on this course, or, where they are discussed, the discussion will be at a detailed level, requiring participants to already understand the basics. If you are unfamiliar with any of these please attend the “Loan Documentation” course first

  • Title financing (or quasi security)
  • Default (as opposed to Event of Default)
  • “continuing” Events of Default
  • LIBOR discontinuation and replacement
  • Witholding tax and the gross up clause
  • FATCA
  • The role of the representations and repeating representations
  • Negative pledge
  • Pari passu
  • Cross default
  • Material adverse change clause
  • The role of the Agent in a syndicated loan
  • Methods of transferring loans
  • Reservation of rights letters

Agenda

Day 1

The Loan Agreement in different contexts - 1.5 hours

  • Structural issues

    • Group or individual borrower?
    • Lending to spe
    • Structural subordination
  • Corporate, project and asset finance

Loan Agreement Workshop 2.5 hours

  • Review borrower’s comments on a loan agreement and decide on lender’s response
  • Review workshop

Day 2

Intercreditor issues - 1.5 hours

  • Subordinated debt and subordinated security
  • Different methods of subordination of debt
  • The issues to be addressed by an intercreditor agreement
  • Review clauses from an intercreditor agreement

Security - 1.5 hours

  • Workshop
  • application of funds clauses
  • Impact on documents and transaction
  • Types of security
  • Guarantees

Due diligence and legal opinions - 1 hour

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

What law applies ?

Types of legal opinion.

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  $2,995
Add coaching to your course booking

Coaching can personalize and deepen learning for you and your organization.


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.

Read more about Digital Transformation

When it comes to imposing digital frameworks and technologies, whether you’re trying to optimize particular units or the entire organization, you need to minimize the collateral damage in order to have a greater effect. However, it's not always that ...

Read more about Finance

During Finance courses, you will get acquainted with a huge number of financial analyst tools and learn how to work with them. So, you will learn how to make and analyze financial reporting, calculate the main financial indicators of the company and ...

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.