This 1-day course examines the risk and commercial considerations behind the various clauses and conditions in a typical loan agreement. It will provide Participants with a solid understanding of loan agreements, providing a foundation from which to review and negotiate such documents.
What you will learn
- Overview of Loan Agreements
➢ Different types of Loan Agreements (Syndications, Club loans, Bilaterals)
➢ Loan Market Association (LMA) Agreements
- Basic Information on Loan Agreements
➢ Details of Lenders
➢ Details of Borrower
- Specific Information
➢ Pricing (Margin, Reference Rates)
- Representation and Warranties
➢ Legal Warranties and Commercial Warranties
➢ Concept of continuing Representation and Warranties
➢ Different types of covenants
➢ Typical financial covenants
➢ Typical non-financial covenants
- Events of Default
➢ What are they?
➢ Curing periods
➢ Cross Default vs Cross Acceleration
- Conditions Precedent/Subsequent
➢ Typical Conditions Precedent (CPs) in a Loan Agreement
- Jurisdiction/Choice of Law
➢ Importance of choosing right jurisdiction and choice of law
- Preserving a Lender's priority position
➢Key covenants used to protect a Lender's position
- Loan Sell-down
➢Different techniques for selling down a loan (Novation, Assignment, Subparticipation)
- Term Sheets
➢ What are they?
➢ Main features of Term Sheets
Who should attend?
- Corporate and Investment Bankers
- Corporate and Commercial Lawyers
- Financial Directors/Financial Managers
- Corporate Treasurers
- Investor Relations Practitioners
Date : 24 March 2023
Time : 09h00 - 16h00
Cost: R8, 500 ex vat per person (discounted rate)
Venue: All trainings are currently virtual and only face-to-face upon request
Facilitator : Frank Vein
Please note that space is limited so please book as soon as possible in order to avoid disappointment.
By using a service provider to offer the courses, the JSE does not directly or indirectly endorse any product or service provided, or to be provided by the service provider.