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Our courses are intended for a global audience, with each one being completely customisable to suit the needs of the individuals it is being delivered to.

They can be delivered in London or in your home town. You decide.

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Loan Documentation

  • Corporate Finance, Documentation, Retail Banking
  • Duration: Half-day
  • Information

    Who should attend? Borrowers, lenders and their agents who need to understand the key terms and where there is scope for negotiation. The course is based around a comparison of an actual term loan document with LMA terms*.

    *Please note that as they are copyright the course material cannot include LMA documentation .The focus is on explaining the structure, meaning and negotiation areas of the documents.


    Session One – Overview of preliminaries

      Loan types

    • Uncommitted v Committed facilities
    • Overdrafts, receivables and other lines
    • Bilateral, syndicated and club deals
    • Term – amortising, balloon and bullet, revolver, standby and swingline
    • Fee types: front end, commitment, utilisation
    • Margins – pricing matrices, ratings-based

      Lender types – banks v institutional investors
      Borrower type – parent/holdco and subsidiaries
      The syndicated loan process, agent and arranger roles

    Session Two - Loan documentation, Part One

    •   Borrower’s and lender’s goals
    •   The overall structure of the documentation
    •   The Confidentiality letter
    •   Conditions precedent, initial - e.g. authority, board resolution – and continuing
    •   Representations and warranties, what they cover, when they need to be repeated, how borrowers try to limit them

    Session Three – Loan documentation, Part Two


    •   Information – requirements, non-public information
    •   Confidentiality and carve-outs
    •   Financial covenants – maintenance and incurrence, calculations
    •   Compliance certificates, amendments and waivers
    •   Pari passu, security and negative pledge, what it applies to, exceptions
    •   Financial indebtedness, how it is defined
    •   Disposals and change of control
    •   Costs – LIBOR v a bank’s base rate and hedging, break and mandatory costs, indemnities
    •   Tax – withholding tax, gross-up and qualifying lenders

    Session Four – Loan documentation, Part Three

    •   Transfers, of lender and obligor
    •   Events of Default, cross-default, acceleration and cross-acceleration and how they relate
    •   Guarantees
    •   Set-off
    •   Lender default

    Course Conclusion

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    As every course we run is tailored to meet the specific needs of each client, we can only provide an estimate after fully understanding your specific requirements. Please complete the form below of call +44 (0) 208 894 4977 to discuss how Taylor Associates can help you.

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