Term sheet (for a term loan facility): single company borrower—bilateral—with or without security or a guarantee
Term sheet (for a term loan facility): single company borrower—bilateral—with or without security or a guarantee

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

  • Term sheet (for a term loan facility): single company borrower—bilateral—with or without security or a guarantee

Term sheet for a bilateral facility for a borrower incorporated as a limited liability company in England and Wales with or without security/a guarantee

In relation to a proposed £[] term loan facility to be provided to [insert name of borrower] by [insert name of lender] (the Parties).

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 and satisfactory final documentation.

The terms in this letter are not exhaustive and [with the exception of []] are subject to contract and not intended to be legally binding on the Parties.

  1. 1

    Parties

  2. Borrower [insert name of borrower]
    Lender [insert name of lender]
    [Parent] [[insert details of the parent company of the borrower, if a guarantee is being given]]
    [Guarantor] [[[the Parent OR insert names of group company OR companies providing