Anatomy of a Loan Agreement: Defined Terms, Affirmative/Negative Covenants, Events of Default, Reps and Warranties
Syndicated Loans and the Administrative Agent
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE webinar will provide a section-by-section analysis of the terms and conditions contained in a commercial loan agreement. The panel discussion will include various types of loan facilities including term loans, revolving credit facilities, and syndicated transactions.
Outline
- Introduction: syndicated vs. bilateral loans
- Certain definitions
- Revolving credit and swingline loan facilities
- Term loans
- Interest rates
- Payments; taxes; yield maintenance
- Representations and warranties
- Conditions of lending and issuance of letters of credit
- Affirmative covenants
- Negative covenants
- Defaults
- The administrative agent
- Miscellaneous provisions
- Schedules
- Exhibits
Benefits
The panel will review these and other important issues:
- What definitions are critical in the preparation and interpretation of a loan agreement?
- How do loan disbursement conditions vary depending the type of commercial loan?
- What kinds of affirmative and negative covenants are included in most loan transactions?
- What additonal obligations are placed on borrowers and lenders in a syndicated deal?
Faculty
Lindsey Hughes
Counsel
Haynes and Boone
Ms. Hughes represents some of the world’s largest financial institutions in connection with the structuring,... | Read More
Ms. Hughes represents some of the world’s largest financial institutions in connection with the structuring, negotiation and documentation of complex domestic and multi-jurisdictional financing transactions, including subscription-secured credit facilities with top-tier private equity and real estate funds. She also has experience representing financial institutions and commercial borrowers in syndicated credit facilities, term loans, construction loans, real estate secured loans, hybrid collateral facilities, and acquisition financings.
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Nick Monier
Partner
Haynes and Boone
Mr. Monier represents financial institutions and borrowers in commercial loan transactions. He has represented agents,... | Read More
Mr. Monier represents financial institutions and borrowers in commercial loan transactions. He has represented agents, lenders and borrowers in syndicated credit transactions involving revolving credit facilities, term loans, letters of credit, and acquisition financings. Mr. Monier has helped lenders enter into loan facilities, represented agents in amending and restating existing credit agreements, and aided borrowers in financing for acquisitions of over 75 companies. He has experience in secured and unsecured credit facilities to real estate investment funds and to the hospitality industry.
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Erin Simmons
Partner
Haynes and Boone
Ms. Simmons has a broad lending practice representing banks, financial institutions, businesses, and private... | Read More
Ms. Simmons has a broad lending practice representing banks, financial institutions, businesses, and private equity sponsors in structuring and negotiating secured and unsecured loans, bilateral and syndicated loans, cash-flow loans, asset-based loans, reserve-based loans, leveraged loans, and subordinated debt. She has worked on transactions across a wide range of industries, including outdoor recreation, retail, food and beverage, manufacturing, equipment leasing, oil and gas, mining, energy, healthcare, logistics, construction, communications, transportation, and agriculture.
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