Loan Documentation - New York City - Legal - Credit

Dates	Location	Price	Add dates to my diary	Brochure	Register
29-30 Nov 2010	New York, United States	$2,900.00	Add dates	Download	Register now

COURSE BACKGROUND:

The first module of this five-day course will take you step-by- step through the loan documents including written offers, administrative provisions, representations, ovenants, default, due diligence and different kinds of financial support. The course will look at these issues from the perspective of English law and will include a comparison between the wording of English and US loan agreements. The second module will build on the first, with more opportunities to apply the topics covered in practice. It will also deal with some more difficult issues such as cross-border and intercreditor issues, contractual alternatives to guarantees and a comparison between corporate, asset, and project based loan agreements. The course will consist of a series of lectures and workshops that will provide you with a practical insight into dealing with the documentation of loans. By the end of the course you will be thoroughly familiar with the most important aspects of loan documentation.

HOW THE COURSE WILL HELP YOU:

Be guided through the essential elements of various loan transactions
Learn how to negotiate representations, covenants and events of default from both a lender's and borrower's perspective
Improve your knowledge of interbank markets and basic administrative provisions
Become familiar with the standard 'boilerplate' provisions
Understand the concept of due diligence
Master common banking expressions
Consider the loan agreement in different commercial context: corporate risk, project risk and asset risk
Discuss a variety of issues and comments on the loan agreement which are commonly raised by borrowers
Improve your knowledge of put options, leases, off take agreements and other contractual support

WHO SHOULD ATTEND?

In-house lawyers in banks
Bankers concerned with the negotiation of loans
Bank executives involved in the documentation of loans
Lawyers in private practice who advise clients on loan agreements
Corporate counsel

MODULE 1: Loan Documentation- Days 1-2

DAY 1:
INTRODUCTION:

The most common structures of loan transactions

Single banks and syndicated loan
Term loans and revolving credit facilities
Single currency and multi-currency facilities
Loan and guarantee facilities
Secured and unsecured facilities

WORKSHOP

PART 1:
Common expressions used in International Banking

TERM SHEET:

What issues should it address?
How much detail should it contain?
Is it intended to create a legally binding commitment?

Break

INTERBANK MARKETS:

Interest Period and Interest Rates
Match Funding
Broken Funding Costs

LOAN AGREEMENT OVERVIEW:

Structure of the document
Principal concerns

Lunch

COMMON TERMS OF THE LOAN AGREEMENT – ADMINISTRATIVE PROVISIONS

Drawdown procedure
Interest rate and interest periods
Repayment, prepayment and cancellation
Payment provisions

Break

COMMON TERMS OF THE LOAN AGREEMENT

Representations and warranties
Positive and negative covenants
Events of Default

DAY 2:

WORKSHOP:
Common terms of the loan agreement – Repeated representations Participants will review a loan agreement and identify conflicting provisions

Break

WORKSHOP DISCUSSION

Lunch

WORKSHOP

PART 2:
Common expressions used in International Banking

DUE DILIGENCE

Legal opinions

Break

LOAN TRANSFERS

Novations
Assignments
Sub participations
Credit derivatives

MODULE 2: Advanced Loan Documentation- Days 3-5

New York Hotel, New York, United States

This program takes place on a non-residential basis at a New York hotel. Non-residential course fees include training facilities, documentation, lunches and refreshements for the duration of the programme. Delegates are responsible for arranging their own accomodation, however, a list of convenient hotels (many at specially negotiated rates) is available upon registration.

As with all Euromoney Training programmes on-site administrators are with you throughout the programme to ensure smooth administration and group interaction.

Sue Wright
Sue is a solicitor with over 20 years' experience in international banking transactions, including syndicated loans, subordinated debt, structured finance and tax driven transactions. Sue was a partner in the banking department at Norton Rose for 8 years and was responsible for training banking assistants in Norton Rose for 2 years. Sue has been highly recommended as one of the leading experts in her field by Legal 500 and by Chambers. Sue was head of Professional Development at Herbert Smith and is now running an independent training consultancy specialising in training in international banking transactions and structured finance.
Courses run by this instructor
- Advanced Loan Documentation - New York City

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Advanced Loan Documentation - New York City

1-3 Dec 2010 (New York, United States)

The course will consist of a series of lectures and workshops that will provide you with a practical insight into dealing with the documentation of loans.