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Drafting and Negotiating Credit Agreements for Lending Transactions

This course provides a general introduction to credit agreements and the role that credit agreements play in commercial lending transactions.  Participants will learn the basic structure of a credit agreement and will explore the purpose of each section of the credit agreement.  Participants will become familiar with terms often negotiated in a credit agreement by the parties.  The course will also explore the various methods used to amend a credit agreement, and participants will gain experience drafting an amended and restated credit agreement.
“AltaClaro's courses hit the right mark between being challenging and yet manageable for someone who is working while taking the program.”
-Associate, GHP Abogados (Costa Rica)

Training courses that are made for the transactional associate looking to increase their skill level

Upon completion of this course, participants will be able to:

  • Understand the central role of the credit agreement as the basic roadmap for the lender-borrower relationship;
  • Understand the sections of a credit agreement;
  • Be familiar with certain terms often negotiated in a credit agreement and typical comments to a credit agreement made by the borrower, the lender and their respective counsels;
  • Understand how the parties may change the credit agreement over time via amendments and the role of a junior attorney in drafting and revising the credit agreement, exhibits, and amendments;
  • Incorporate terms from a term sheet into a draft amended and restated credit agreement.

The AltaClaro Difference

Effective Learning with ROI--Backed by Education Science

Step 1: Learn

Learn at your own pace, absorbing lessons in short, easily digested segments led by experienced practitioners.

Step 2: Do

Apply what you've learned to solve real-world client scenarios, using transaction documents derived from actual deals.

Step 3: Review

Deepen your learning in virtual review sessions with an experienced practitioner. Review model answers and ask questions.

Class Content Overview

Course Details

2 CLE Credits is available for each course.
Students are presented with an institutional lender that has reached an agreement with a borrower regarding the terms of an amendment to an existing loan. The lender has requested an amended and restated credit agreement. Students are asked to (i) prepare the initial draft of the amended and restated credit agreement and (ii) provide a comparison of your draft to the existing credit agreement to aid the senior associate in reviewing the changes made.

Instructors Who Practice What They Teach

David Case
x-White & Case; x-Orrick
Adriel Sanders
x-Bryan Cave Leighton Paisner
Doug Young
x-Baker McKenzie; x-White & Case
Aaron Melville
Global Head of Tech Transactions, Uber; x-Disney; x-O’Melveny; x-Weil Gotshal
Chris Drews
x-Disney
Julie Ryan
Head of Experiential Learning, AltaClaro; x-Akin Gump; x-Clifford Chance
Mick Galvin
x-Sidley; x-Allen & Overy
Stephen Kaplitt
x-Weil Gotshal; x-Cadwalader
Clara Duffield
x-Baker McKenzie
Mike Shea
x-Baker McKenzie, x-Morrison & Foerster
John Babcock
Partner, Waldrep Wall

Our Trusted Network of the World’s Leading Law Firms

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Praise for Our Legal Instructors

“Doug was very engaging, which was helpful and kept the review session moving.”
AM Law 200 Firm
“John had deep subject matter insight. It was an excellent class.”
AM Law 200 Firm
“Hellen did a fantastic job at meeting us at our experience level ...great war stories and practical tips.”
AM Law 200 Firm
“I really enjoyed this live session. The instructor did a great job: he seemed both well-prepared and he was genuinely engaging.”
AM Law 200 Firm
“Mick didn't just walk through the corrections but the thought process behind each change and how it would effect/protect the client.”
AM Law 200 Firm
“The instructor was great and had a lot of great insights to share.”
AM Law 200 Firm
Online

Class material is 100% online, accessible by all standard web browsers. Use your desktop, laptop, tablet, or smartphone--your progress will by synced across all devices.

On-Demand

The class is fully asynchronous. Do the work at your own pace, turn in your assignment when you're ready, and get instant feedback via model answers and video review sessions.

Interactive

Learn with dynamic, interactive modules that keep you engaged in active learning using a variety of learning modes.

Experiential

Includes practical assessments throughout the class, plus a capstone assignment where you apply your skills in the context of a real-world matter.

Interested in this Class?

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