Loan Facility Agreements - A Practical Approach

Date Format Fees  
15 Dec - 17 Dec, 2020 Classroom ₦175,000 Register
05 May - 08 May, 2020 Classroom ₦175,000 Register
01 Sep - 04 Sep, 2020 Classroom ₦175,000 Register
15 Dec - 17 Dec, 2020 Classroom ₦175,000 Register

Event 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.

 

CONTENT

Structure of a Facility Agreement

  • Types of facility
    • Term Loan
    • Revolving
    • Overdraft
    • 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

 

For whom

 

 

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.

 

1ST BATCH               5th – 8th May, 2020                                                  

2ND BATCH              1st– 4th September, 2020

3RD BATCH              15th – 17th  December, 2020

  • Venue

    Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.

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