Description Syndicated Lending aims to increase the readers awareness of the benefits and risks involved in taking part in the Syndicated
Loan market.
This book covers:
*Who the major players in the syndication loan market are
*Why syndication loans are used
*Syndication
loan structures and documentation
*Secondary syndication loan market
Audience
MSc Finance students; MBA students in Finance options; new finance professionals
Contents
Introduction to Syndicated Loans: Characteristics of a Syndicated Loan; The Growth of the Syndicated Loan Market; The
Secondary Market in Syndicated Loans;
Attractions to the Syndicated Loan Market: The borrower; The participants; The
arrangers and the agents; Tombstone graphics; Exercise 1; Answer to exercise 1;
Responsibilities and Obligations of Syndicated
Loan Participants: The borrower; How the borrower chooses an arranger; The participants and their responsibilities; Other considerations
affecting participants in a syndicated loan; Roles of the arranger and the agent; Excerise 2; Answer to Exercise 2;
The Major
Players in the Syndicated Loans Market: Syndicated loan borrowers by volume; North American syndicated loans; European, Middle
Eastern and African syndicated loans; Asia-Pacific syndicated loans; Latin American syndicated loans; Barclays Capital;
Structures
Used in Syndicated Loans: Overview of syndications; Term of loan; Revolving facilities; Committed and uncommitted facilities;
Single currency and multi-currency; Repayment profiles; Repayments via bond issues; Evergreen facilities; Senior debt, mezzanine finance,
and subordinated loans; Securitisation; Trade finance; Stock loans; Project finance; Aircraft finance; Ship construction finance; Non-recourse
loans; Standby credits; Property finance; Vodafore AirTouch;
The Loan Agreement: The preamble; Definitions; The facility;
Purpose; Conditions precedent; Utilisation; Repayment; Prepayment; Interest rate; Fees; Taxes and other deductions; Other indemnities;
Guarantee; Representations and warranties; Undertakings; Indemnities; Currency; The agent and lenders; Sharing payments; Transfers of
participations; Changes of the obligors; Notices; Waivers, amendments and consents; Partial invalidity; Governing law and jurisdiction;
Legal opinions;
Loan Covenants: The economic function of loan covenants; Types of covenants; Negotiating the covenants
in the loan agreement; Functioning of covenants during the loan; Breach of covenant; Other issues;
Secondary Loan Markets:
History and development of the secondary loan market; Loans syndication trading association (LSTA); Loan market association (LMA); Glossary.
Books and book related electronic products are priced in US dollars (USD), euro (EUR), and Great Britain Pounds (GBP). USD prices apply to the Americas and Asia Pacific. EUR prices apply in Europe and the Middle East. GBP prices apply to the UK and all other countries.
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