Loan Documents and Security Course

 Location: London (Central)

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 categories:Debt / Fixed Income Courses, Corporate Banking Courses, Back Office Inhouse Courses , Corporate Restructuring Inhouse, Debt / Fixed Income Inhouse, Equities Inhouse, Legal / Compliance Inhouse

COVERED TOPICS

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

REGISTRATION & PRICING INFORMATION

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

For more information or to be contacted by the event provider please fill this form:

Registration price

675.00

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Price: 675.00 GBP
Location: London (Central)
Event date: 09.10.2012 - 09.10.2012
Event duration: 7h30
Event time: 09.30 h - 17.00 h

ADDITIONAL DATES

CONTACT US

Email: info@financialveritas.com

Phone: +44 208 133 5917