This work covers the structuring, documentation and execution of banking facilities and refinancings, including loans, overdrafts, guarantees and security packages. A solicitor in this area drafts, negotiates and finalises facility agreements, security (charges, mortgages, standard securities), intercreditor arrangements and hedging documents, and manages due diligence, compliance and regulatory checks. They also handle drawdowns, restructures, refinancings and enforcement on default. The area is shaped by lender requirements, market practice and applicable banking rules.
What a solicitor handles in these matters
A typical facility involves documented agreements, registered security, priority and cross-default provisions, and potential intercreditor arrangements. The solicitor coordinates with lenders, borrowers and guarantors, ensuring compliant drafting of guarantees, fixed and floating charges, and perfection of security. They navigate loan hedging, compliance with banking regulations, and possible enforcement or restructuring steps if performance falters.
