Advanced Loan Documentation

Euromoney Learning Solutions

How long?

  • 2 days
  • online, in person

Euromoney Learning Solutions


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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


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
  • 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


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.


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...

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Advanced Loan Documentation at Euromoney Learning Solutions

From  $2,995
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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.

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