Loan Facility Agreements - A Practical Approach

  • Start Date

    08 Feb, 2022

  • End Date

    11 Feb, 2022

  • Price

    ₦190,000

  • WiFi

    Free wifi

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

 

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.

 

DATE:

1ST BATCH                        8th – 11th Feb, 2022

2ND BATCH                       14th – 17th June, 2022

3RD BATCH                       11th – 14th Oct, 2022

Other Dates

Start Date End Date
14 Jun, 2022 17 Jun, 2022
Start Date End Date
11 Oct, 2022 14 Oct, 2022
Start Date End Date
08 Feb, 2022 11 Feb, 2022
  • Venue

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

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