Corporate lending covers facility agreements and related security for business finance, including term loans, revolvers, mezzanine facilities and refinancing. A solicitor drafts and negotiates facility agreements, negotiates and perfects charges and securities over company shareholdings and assets, handles intercreditor arrangements, provides opinions on enforceability, and coordinates drawdowns, amendments, and restructures for lenders and borrowers. They also advise on enforcement steps if a loan defaults and liaise with counterparties and lenders through the lifecycle of the facility.
What a solicitor handles in these matters
The work handles complex documents, including facility agreements, charges and intercreditor arrangements, with attention to triggers, covenants and security stacking. It involves drafting, negotiating and advising on perfection of security, drawdowns and amendments, and coordinating enforcement when breaches occur, all within the applicable corporate and insolvency framework.
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