Key Issues and Risks in Documenting Syndicated Loan Agreements

• Overview
• Credits

Make sure you are appropriately drafting for interlender issues in the syndicated loan transaction.Legal counsel representing both borrowers and lenders are frequently asked to draft, for review, the central credit document for the syndicated loan transaction. While there are valuable precedents available, and a significant move toward standardized documentation, the preparation or review of credit agreements is fraught with issues and risks that need to be understood, tailored to the transaction, and appropriately drafted for. This topic will equip the lawyer acting in this capacity to properly identify the risks specific to the transaction, make informed and reasonable suggestions for change to the structure of the loan transaction, composition and rights of the lending group, and appropriate protections for the borrower when dealing with the syndicated.

Authors

Alison R. Manzer, Cassels Brock & Blackwell LLP James C. Schulwolf, Shipman & Goodwin LLP Jeffrey A. Wurst, Esq., Armstrong Teasdale

Agenda

Key Syndication Terms, Documents and Issues

Role of the Agent(s)

How to Identify and Consider Interlender Issues in the Syndicated Loan

Balancing Syndicate Participant's Rights

Understanding the Issues That Require Consideration in the Drafting of the Interlender Arrangements and Syndicated Loan Transaction