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International Syndicated Credit Agreements is a major new work addressing many of the significant issues related to the origination, structuring, negotiation, drafting, closing, management, enforcement and restructuring of cross-border and domestic syndicated loans. The book is timely because banks are lending money again to companies from all sectors of the economy. International companies are also seeking financing, and to that end use various kinds of financing instruments, including bank loans.
This title provides in-depth analysis of all the main clauses of syndicated credit agreements, describing the principal arguments used in each clause by both debtors and creditors seeking to obtain better results from the negotiation and drafting process.
In particular, the book examines important aspects such as bank loan markets, bank loan participants, bank loan types, main credit policies of financial institutions, initial documentation of the loans, including the financing proposal, mandate letters and term-sheets, the due diligence process, the protection of the spread of the banks and the position of the corporate borrowers and the main covenants and events of default and remedies of the loans, including credit restructurings and corporate workouts. The book also studies the role of the loan agent and the relationship among bank lenders and enforcement of loans in the event of default and remedies.
This practitioner’s handbook provides practical analysis, discussion, cases and models of the main clauses of the contracts useful for legal practitioners, in-house counsel, academics, financial consultants and bank officers.