Course description
Loan Documentation School (Modular Course)
Our new, Virtual Loan Documentation School (Modular) consists of two separately bookable modules, tailored for virtual delivery with exercises, workshops, polls, group discussions and lots of interactivity built in to help participants get the most out of the classes and interact with the trainer and other participants in the virtual world.
- Module 1: Loan Documentation
- Module 2: Advanced Loan Documentation
Module 1 focusses on the core loan agreement in the context of unsecured lending and Module 2 builds on that, with more extensive workshops on the loan agreement as well as discussion of the other documents in a loan financing package – the security, intercreditor arrangements and legal opinions – so as to give an in depth understanding of the whole documentation package.
participants wanting to book module 2 only will need to have a working knowledge of the topics covered in module 1 as explained further in the discussion of prerequisites for Module 2 below.
Loan Documentation
This module takes place over three short (5 hours) days and covers the documentary aspects of a loan transaction, concentrating particularly on the loan agreement itself. The course will provide a clause-by-clause analysis of the loan agreement, as well as a road map of the documentation enabling you to find your way around the document with ease.
You will be taken step-by-step through the documentation, from the early stages of the borrower’s financing choices and different types of loans, through to administrative provisions, representations, undertakings, defaults, transfer provisions, and role of the Agent in a syndicated loan, focusing on the key commercial issues. Through the group discussions and workshops you will have plenty of opportunity to test your understanding and put your learning into practice
By attending this course, you will fully understand the commercial implications of the loan documentation and the key issues to watch out for
Upcoming start dates
Who should attend?
Prerequisites
participants will need to have a working knowledge of the following topics. These topics will either not be covered at all on this course, or, where they are discussed, the discussion will be at a detailed level, requiring participants to already understand the basics. If you are unfamiliar with any of these please attend the “Loan Documentation” course first.
- Title financing (or quasi security)
- Default (as opposed to Event of Default)
- “continuing” Events of Default
- LIBOR discontinuation and replacement
- Withholding tax and the gross up clause
- FATCA
- The role of the representations and repeating representations
- Negative pledge
- Pari passu
- Cross default
- Material adverse change clause
- The role of the Agent in a syndicated loan
- Methods of transferring loans
- Reservation of rights letters
Training content
- Title financing (or quasi security)
- Default (as opposed to Event of Default)
- “continuing” Events of Default
- LIBOR discontinuation and replacement
- Withholding tax and the gross up clause
- FATCA
- The role of the representations and repeating representations
- Negative pledge
- Pari passu
- Financial ratios
- Cross default
- Material adverse change clause
- The role of the Agent in a syndicated loan
- Methods of transferring loans
- Reservation of rights letters
Certification / Credits
You will:
- Understand the structure of the documentation and how the various provisions interlink
- Learn how to spot the key commercial issues quickly
- Become familiar with the interest rate, increased costs and withholding tax and FATCA provisions and the regulatory issues which help to shape them
- Appreciate why LIBOR is being phased out and the steps being made towards its replacement
- Appreciate the significant issues in the representations, repeating representations, undertakings and events of default from both a lender’s and borrower’s perspective
- Become familiar with the structure of security documentation and the importance of the application of funds clauses
Why choose Euromoney Learning?
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60,000 professionals trained across public courses
80+ countries where training is delivered
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Euromoney Learning
At Euromoney Learning, we understand that learning doesn’t start and end when you leave the classroom. We know that the financial markets never stand still, and that technology has both simplified and added complexity at a break-neck pace. That’s why...