Investment grade term sheet (for a term loan facility): single company borrower—syndicated—with or without guarantees
Investment grade term sheet (for a term loan facility): single company borrower—syndicated—with or without guarantees

The following Banking & Finance precedent provides comprehensive and up to date legal information covering:

  • Investment grade term sheet (for a term loan facility): single company borrower—syndicated—with or without guarantees

Term sheet for an unsecured syndicated facility for an investment grade borrower incorporated as a limited liability company in England and Wales with or without guarantees

In relation to a £[] term loan facility to be provided to [insert name of borrower]

Date [] 20[]

This term sheet is indicative only and is intended as a guide to what will be included in final documentation. It is not an offer to provide the facility. Provision of the facility is subject to satisfactory due diligence, credit committee approval[, the mandate letter] and satisfactory final documentation.

    1. 1

      Parties

      Borrower[insert name of borrower]
      [Guarantor(s)][[insert names of group company/companies providing a guarantee]]
      Mandated Lead Arranger[insert name of Mandated Lead Arranger(s)]
      Agent[insert name of Agent]
      LendersAs selected by the Mandated Lead Arranger[s] [in consultation with the Borrower]
      [Obligors][the Borrower and the Guarantors]
      [Additional Guarantors][The facility agreement will be drafted so as to enable any wholly owned subsidiary of the Borrower to accede to the facility agreement as a guarantor provided [all the Lenders OR a majority of the Lenders] approve the accession]
      GroupThe Borrower and its subsidiaries
    1. 2

      Facility

      FacilityTerm loan facility
      Currency[Sterling]
      Amount[£[] ([] Sterling)]
      Purpose[General corporate purposes OR [specify other agreed purpose]]
      Commitment PeriodFrom the date of the facility agreement to and including [insert last date on which the Facility may be drawn]
      Final Repayment Date[Insert date on which the Facility must

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