This work covers arranging and documenting lending facilities for corporate borrowers in investment-grade debt and syndicated loans. A solicitor drafts and negotiates facility agreements, security packages, intercreditor arrangements, and documentation for drawdowns, repayments, and covenants; coordinates lender consortia, negotiates terms with arrangers, and handles registrations and AML checks. It also involves negotiating restructurings, amendments, and enforcement steps if borrowers default.
What a solicitor handles in these matters
The solicitor handles the financial structures, security packages, intercreditor and subordination mechanisms, and the negotiation of terms among multiple lenders, agents and borrowers, including compliance with relevant standards and regulatory expectations. They manage drafting, negotiation, and coordination of documentation across all parties, including facility agreements, security over assets, and enforcement or restructuring provisions when a loan breaches terms.