Loan Facility Agreements - A Practical Approach
Details
This course will explore the essential structure of a loan facility agreement and consider in detail both borrower and lender concerns in negotiating key provisions.
The aim of the course is to help you to understand the purpose of the standard lender protections included in facility agreements and also offer practical advice in relation to financial close and drawdown. The conditions to drawdown under a facility agreement will also be explored.
Outline
Structure of a Facility Agreement
- Types of facility
o Term Loan
o Revolving
o Overdraft
o Bridging
- Single loan vs multiple loans
- Bilateral vs syndicated
- Borrowers and other obligors
- Secured vs unsecured
- Purpose of the loan
- Mechanics to drawdown
- Interest
- Repayment and Prepayment
Negotiating the Key Clauses
The reasons behind the provisions and both borrower and lender positions in negotiations in respect of:
- Representations and warranties
- Information covenants
- General covenants
- Financial covenants
- Events of default
Standard Lender Protections
- Tax indemnities
- Other indemnities
- Increased Costs
- Hedging requirements
- Provisions as between lenders
Conditions Precedent
- Constitutional documents, board minutes and certificates
- Legal opinions
- Finance documents
- Financial statements and reports
- Funds flow
- Transaction documents and the different conditions you might require depending on the nature of the transaction
- Insurance
- Existing security
Practical Advice for Drawdown and Closing
- Documents list and managing your CPs
- Signatories
- Drawdown notice
- Undertakings
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
Speaker/s
Special Offer
Schedules
| Tue, Wed, Thu, Fri | 10:00 AM — 04:00 PM |
| No. of Days: | 4 |
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.
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