Top 10 of 26 law firms for Credit Facility, Banking | Southwark, London
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A credit facility covers the negotiation, documentation and ongoing management of a bank or lender's facility to a business, including term loans, revolving credit and overdraft arrangements. A solicitor in this area drafts and negotiates facility agreements, security packages (such as fixed and floating charges), intercreditor arrangements, and facility amendments, and ensures the client’s rights under covenants, events of default and margin calls are clearly protected. They advise on drawdowns, repayments, facility drawdown notices and enforcement steps when defaults occur.
