Loan Documents and Security
| Date |
30 May / 9 October |
| Times |
09:30 - 17:00 |
| Cost |
£575.00 + VAT (£690.00) |
| SRA CPD Hours |
6 |
Course Overview
Participants will gain an understanding of the key points for consideration in loan and debenture documentation.
The course focuses, from a practical point of view, on the content and terminology of example documents and their intended consequences from the point of view of both borrower and lender.
Important danger areas are highlighted in order that they may be specifically and fully negotiated.
Course Content
Overview
- Types of loan
- Committed & uncommitted facilities
- Overdrafts & term loans
- Revolving credit facilities
- Syndicated facilities
- Administrative agent & security trustee
- Objectives of the parties
- Term sheet
Structure of a Loan Agreement
- Loan Market Association clauses
- Operating, monitoring and boilerplate clauses
- Conditions of utilisation & drawdown
- Margin, LIBOR & mandatory cost
- Interest periods & default interest
- Commitment & arrangement fees and costs
- Representations & warranties
- Financial, non-financial and information covenants
- Negotiating covenants
- Material adverse change (MAC) clauses
- Events of default & cross default
- Acceleration clauses
- Grace periods
Security
- Possession & ownership
- Mortgages, charges, pledges & liens
- Fixed & floating charges
- Permitted security
- Assignment
- Further assurance
- Comfort letters
- Guarantees & indemnities
Debentures
- Taking security
- Covenant to pay
- Negative pledge
- Book debts, IPR, plant & machinery
- Crystallisation of floating charge
- Enforcement
- Administrators & administrative receivers
- Enterprise Act 2002
Reviewing the document
- Lender’s principal concerns
- Three stages of protection
- Borrower’s principal concerns
- Legal opinions
- Final check before signature
“Clear, comprehensive and thorough presentation of typical loan agreements.”
“Presentation and explanation were very good, the trainer was very clear on all points and engaging.”
“The structure was well thought trough, easy to follow; the technical points were well explained and the materials very useful”
Delivering this course in-house for you to a number of participants could be very cost effective. Please call us on 020 7387 4484 to discuss this further.
If you have any questions about this seminar please write to us at post@redcliffetraining.co.uk.
Looking to book more than one course? Please click here.
Contact us if you are looking to book multiple participants as we offer discounts as follows:
- 1-2 participants - full price
- 3-4 participants - 15% discount
- 5-6 participants - 20% discount
- 7-8 participants - 25% discount
- Over 9 participants - 30% discount
