The facility agreement

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Practice notes
Given the cross-border nature of many banking transactions, it is common for the principal legal advisors for lenders and borrowers to need to...
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9th Nov
Practice notes
A 10b-5 letter (also referred to as a 'disclosure letter') is a letter delivered to the underwriters by issuer's and underwriters' counsel in...
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Produced in partnership with Charles Farnsworth of Baker McKenzie and Adam Farlow of Baker McKenzie 12th Jan
Practice notes
This Practice Note lists hot topics (with links to the appropriate materials) that may be of interest to Banking & Finance lawyers. It is updated...
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9th Nov
Practice notes
The key feature of a floating charge is that, until it crystallises, the chargor is entitled to deal with the charged assets in the normal course of...
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9th Nov
Practice notes
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...
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9th Nov
Practice notes
Assignments by way of security can take different forms and it is important to understand how they are created and their effect. Security over choses...
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9th Nov
Practice notes
On an acquisition finance transaction, the borrowing group, in addition to the debt (whether loans or bonds) required to fund the transaction, will...
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9th Nov
Practice notes
This Practice Note considers:•the purpose of events of default included in facility agreements•common events of default relating to borrowers and...
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9th Nov
Practice notes
This Practice Note explains the features of three common types of loan facility:•overdrafts•term loans, and•revolving credit facilities (RCFs)It also...
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9th Nov
Practice notes
This Practice Note covers the typical structure of facility agreements and the key terms and provisions that will be included. It examines the process...
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9th Nov
Practice notes
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...
Read More >
9th Nov
Practice notes
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...
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9th Nov
Practice notes
What is a direct agreement?Direct agreements are very common in project finance transactions. A direct agreement is an agreement which gives the...
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9th Nov
Practice notes
The vast majority of derivative transactions are documented by standard documentation developed and published by the International Swaps and...
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9th Nov
Practice notes
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...
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9th Nov
Practice notes
This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge...
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9th Nov

Most recent The facility agreement content

Practice notes
Interest provisions in risk-free rate based loan agreementsThis Practice Note aims to assist practitioners with understanding the key issues to be...
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14th May
Practice notes
LIBOR transitionThis Practice Note provides:•information on the background to the transition away from London Interbank Offered Rate (LIBOR) and other...
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14th May
Practice notes
Brexit—documentary implications for facility agreements [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice...
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13th May
Practice notes
The effect of sanctions on loan agreementsThis Practice Note looks at:•issues that sanctions can pose on lending transactions•the key provisions of...
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11th May
Practice notes
This Practice Note discusses the usual components of a bilateral, committed facility agreement to a corporate borrower. It also assumes there is only...
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28th Apr
Practice notes
ARCHIVED: This Practice Note has been archived and is not maintained.In summary, a market disruption clause sets out how interest is calculated for a...
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28th Apr
Practice notes
This Practice Note covers the typical structure of facility agreements and the key terms and provisions that will be included. It examines the process...
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28th Apr
Practice notes
Development of the Loan Market Association (LMA) documentationThe project to develop the LMA primary documents began in 1998 as a response to demand...
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28th Apr
Practice notes
Development of the Loan Market Association (LMA) documentationThe project to develop the LMA investment grade documents began in 1998 as a response to...
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28th Apr
Practice notes
One way for banks and other financial institutions to generate revenue is by charging interest on the loans they make. This Practice Note explains:...
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28th Apr
Practice notes
This Practice Note:•explains what LIBOR is•provides a brief summary of the developments affecting LIBOR over the last few years and the proposed...
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28th Apr
Practice notes
This Practice Note considers the costs that a lender will incur when providing funding to a borrower and the steps that it will take within the...
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28th Apr
Practice notes
This Practice Note discusses the key provisions of facilities agreements that are impacted by regulatory change, focusing on the following...
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28th Apr
Practice notes
ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note explains the Loan Market Association (LMA)’s approach to the...
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28th Apr
Practice notes
This Practice Note considers:•the purpose of events of default included in facility agreements•common events of default relating to borrowers and...
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28th Apr
Precedents
[To be printed on the headed paper of the lender][insert date]To:[insert name and address of borrower]Dear [insert name of borrower],We are pleased to...
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28th Apr
Practice notes
Where a facility is committed (eg term loans and revolving facilities), exactly how and when the facility is to be repaid will be set out in the...
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28th Apr
Precedents
This Agreement dated [•] 20[•] is madeParties1[insert name of Borrower], a company incorporated in England and Wales with registered number [insert...
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28th Apr
Precedents
This Agreement is made on [insert day and month] 20[insert year]Parties1[insert name of party] [of OR a company incorporated in [England and Wales]...
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28th Apr
Precedents
Facility agreementThis Agreement is made on [date]Parties1[insert name of Borrower], a company incorporated in England and Wales with registered...
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28th Apr

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