This course deals with the structural and commercial side of loan agreements and will give delegates the opportunity to developed their skills and understanding when analysing key credit documents.
The course will cover a substantial range of topics including the distinction between loans and bonds, provisions in credit protection, key clauses in the loan agreement, the loan agreement in different commercial contexts and legal issues that arise in financing transactions.
The course is also useful for those with practical experience but who have not previously had any formal in depth training on the agreements, to help them fill in the inevitable gaps in their understanding and to give them a framework in which to consolidate their practical skills and knowledge. It is also useful as a refresher for more seasoned practitioners.
DURING THIS COURSE YOU WILL:
You will cover:
Role and influence of LMA Documentation; General approach to the Loan agreement; Key contractual provisions in credit protection; protecting against value leakage; The LMA primary loan senior facility agreements; Interest & fees; Covenants; MAC/MAE
With practical exercises including ; Comparing loan and bond documentation as prepared by a city firm; Analysing permitted payments and undertakings from mezzanine creditors; Analysing various clauses found in documents produced by Magic Circle City firms
Monica is a Category A practising Solicitor, Chartered Accountant and Member of the Chartered Institute of Securities and Investment, with over 30 years’ experience in international banking transactions.
She was in-house Counsel with S.G.Warburg & Co. (now part of UBS) and was subsequently Head of Forensic Services - West Region for KPMG and a partner with Grant Thornton. Monica takes a forensic approach to analysing clauses in banking documentation and she guides her delegates through the key legal concepts which underpin such clauses. She heads up a specialist City Law Firm, based in Canary Wharf, with clients throughout the world and she divides her professional time between major commercial litigation and commercial drafting. This litigation is frequently about contracts which have been badly drafted (by others!) This provides many insights into the importance of getting such documents drafted correctly from the outset and thereby avoiding costly mistakes. Monica’s multi-disciplinary expertise and qualifications enables her to cover - at an advanced level, but accessible to all - both the financial and legal aspects of the course with equal aplomb.