Euromoney Legal Training

This practical and interactive legal training courses covering the key issues of loan documentation:

• Options for structuring loan transactions
• Pre-contractual issues
• Representations, covenants and events of default
• Due diligence
• Administrative provisions
• Comparison of the wording of specimen English and US documents
• Clause-by-clause analysis of loan documents, including a workshop on common banking expressions
• Review of key loan agreement issues
• Claims, remedies and jurisdiction
• Structural issues
• Inter-creditor arrangements

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?

INTERBANK MARKETS

• Interest Period and Interest Rates

• Match Funding

• Broken Funding Costs

LOAN AGREEMENT OVERVIEW

• Structure of the document

• Principal concerns

WORKSHOP: Common Terms of the Loan Agreement – Administrative Provisions

• Drawdown procedure

• Interest rate and interest periods

• Repayment, prepayment and cancellation

• Payment provisions

WORKSHOP: Common Terms of the Loan Agreement – Administrative Provisions Continued

WORKSHOP: Common Terms of the Loan Agreement

• Representations and warranties

• Positive and negative covenants

• Events of Default

WORKSHOP: Common Terms of the Loan Agreement Continued

Day 2

LOAN TRANSFERS

• Novations

• Assignments

• Guarantees

• Underwriting

SYNDICATED LOANS

• Relationships between the banks

• The Agency clauses

• The Boilerplate clauses

DUE DILIGENCE

• Due diligence issues

• Where to conduct due diligence

• Legal opinions

GUARANTEES

• Vires and directors` duties

• Vulnerability in insolvency

• Guarantors` rights

GUARANTEES

• Review LMA form
WORKSHOP – PART 2: Common expressions used in International Banking.

OTHER SECURITY

• Mortgages, charges and pledges

• Fixed and floating charges

• Clawback

• Claire Pointing

  Claire Pointing
  
  Claire is a solicitor with over 15 years experience in structured finance and capital markets in London and Paris.
  
  Claire has worked at Norton Rose, Cadwalder and Gide Loyrette Nouel, and has advised on numerous European bond, MTN and commercial paper offerings. She is currently a senior member of the debtXplained team which provides market focused reviews and information on high yield transactions, led by Stephen Mostyn-Williams.
  
  In addition to legal practice Claire has worked in strategy consulting with LEK Consulting LLP and has carried out research at Oxford University and New York University School of Law. Claire has also completed the corporate finance programme at London Business School.
  

  Courses run by this instructor

  • Loan Documentation - San Paulo
  • Advanced Loan Documentation - San Paulo

Interested in holding this course in-house? Please fill out your details and a member of our team will be in touch with more information.

Advanced Loan Documentation - New York

27-29 Jun 2012 (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.

Loan Documentation -New York

25-26 Jun 2012 (New York, United States)

This course covers all aspects of a loan transaction, concentrating particularly on the agreement itself and the legal implications of a properly drafted and incorrectly drafted document.

Loan Documentation - San Paulo

13-14 Aug 2012 (Sao Paulo, Brazil)

The first module of this five-day course will take you step-by-step through the loan documents including written offers, administrative provisions, representations, covenants, 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 inter-creditor 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.

Advanced Loan Documentation - San Paulo

15-17 Aug 2012 (Rio de Janeiro, Brazil)

The first module of this five-day course will take you step-by-step through the loan documents including written offers, administrative provisions, representations, covenants, 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 inter-creditor 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.

Advanced Loan Documentation - Miami

31 Oct 2012 - 2 Nov 2012 (Miami, 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.

Loan Documentation - Miami

29-30 Oct 2012 (Miami, United States)

This course covers all aspects of a loan transaction, concentrating particularly on the agreement itself and the legal implications of a properly drafted and incorrectly drafted document.