This course is designed to introduce students to commercial loan transactions. The course starts by defining commercial finance in general and identifying the purpose of loan transactions. It then describes the common types of loans and identifies the components of a commercial loan transaction. Subsequently, the course identifies the key documents in a commercial loan transaction and describes the role of commitment letters and term sheets. Finally, the course identifies the essential roles transactional attorneys play in commercial finance transactions.
Overview of Commercial Loan Transactions
Training courses associates and partners love and law firms need.
Upon completion of this course, participants will be able to:
- What is commercial finance?
- What do we mean by commercial finance?
- Why is commercial finance important for businesses?
- Commercial finance key terms
- Common types of loans
- Term loans
- Revolving lines of credit
- Project loans
- Real estate loans
- Components of a commercial loan transaction
- Determining the type of loan
- Structuring the transaction
- Drafting the loan documentation
- Closing and refinancing of existing indebtedness
- Key documents in a commercial loan transaction
- Role of commitment letter/term sheet
- Purpose of a commitment letter and term sheet
- Interest rates
- Floors and caps on variable loan rates
- Commitment/origination fees & other out-of-pocket expenses
- Roles of transactional attorneys in commercial loan transactions
Supplemental Materials/Additional Resources:
- Sample term sheet
- Sample commitment letter
- Sample credit agreement
- Sample note
- Sample guaranty
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 a banker that has reached out regarding a proposed credit facility consisting of a term loan and a revolving loan facility that the bank team has greenlighted for approval. Students are asked to (i) prepare a commitment letter that commits the bank to legally provide the credit facility and (ii) provide a succinct term sheet that spells out the salient terms for the borrower.
Instructors Who Practice What They Teach
Our vetted instructors are global practitioners with outstanding professional and educational qualifications and demonstrated achievement in their fields. All have 10+ years Big Law experience.
In addition to their accomplishments as practitioners, our instructors are also passionate about teaching. We carefully interview instructor candidates to assess personality, domain expertise and effectiveness in the classroom. Our instructors must maintain a 4.5 out of 5 rating from students.
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