Drafting and Negotiating Credit Agreements for Lending Transactions

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.

Overview

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.

Objectives

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.

Simulation Exercise

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

Adriel Sanders

x-Bryan Cave Leighton Paisner

David Case

x-White & Case; x-Orrick

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

Success Stories

"I think this is a gamechanger for training. Associates can benefit from the guidance of real practitioners and learn in a low stakes environment."

Anjie Vichayanonda Associate, Haynes & Boone LLP

"As an experienced practitioner who has worked in both AmLaw 100 and public company, in-house environments, the training AltaClaro provided helped supplement my knowledge of corporate law."

Ryan Nayar Legal Counsel, Centrica

Interested in this Class?

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