This course is designed for bankers and corporate financiers needing to obtain a thorough knowledge of the business and legal issues relating to underwriting and placing a syndicated loan. This will concern bankers working as credit analysts, management trainees, account and marketing officers, and loan syndication staff as well as corporate financiers who negotiate with banks in order to obtain funding.
Syndicated lending continues to be one of the most flexible and widely used methods of raising finance. The ability to raise funds relatively quickly and more easily than on the equity markets, ensuring the continued primacy of this financing mechanism. Recent market developments such as the one year jumbo syndicated loan for acquisition finance, the secondary assets market, the new role of credit rating agencies in the process, and rise of the internet as a tool for syndicating a loan will also be covered.
The course aims to provide a comprehensive understanding of the market and mechanism of the Syndicated Loan, its characteristics as a financing vehicle, and the major legal and documentation issues relating to the setting in place of a syndicated loan. The roles of the agent bank and participant, and how this relates to the roles and responsibilities and mechanisms to ensure the smooth running of the back office loans administration function of the course are treated in detail.
The course aims to introduce bankers, and corporate finance officers as well as members of corporate treasury and finance departments to the techniques used by bankers to syndicate a big ticket loan in the international financial markets.
The course is divided into 6 sessions and benefits from up to date syndicated lending statistical data provided by LOANWARE and on line access to the Loan Marketing Association.
Introduction to syndicated lending
Participants, roles and commitments
Facility structure and analysis
The legal framework
The borrower’s viewpoint
At the end of the course participants should be able to understand:
The syndicated lending and secondary asset market
The various roles and commitments of participants in a syndicated loan
The various ways to structure and price a syndicated loan
Some of the pertinent legal issues
How to use financial analysis to define the loan covenants in a loan agreement
How the internet has impacted the loan syndications market
The issues required to win a mandate from a borrower
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.