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
“What they learn from the courses helps associates be better drafters. The work product is more accurate, and that saves my time redlining.
Partner, Finance Practice Group Leader at Am Law 100 firm
Real practice. Real feedback. Real growth.
Upon completion of this course, participants will be able to:
- Identify the typical structures for commercial loan transactions
- Differentiate between different types of commercial loans and available sources of funds
- Recognize terminology used in commercial loan transactions
- Understand the role and type of financial covenants found in commercial loan transactions
- Review and summarize a typical commercial loan term sheet
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.
Step 4: Build
Leverage performance insights from Benchmark360 to deliver partner-led, in-person internal workshops tailored to your firm's preferred way of practicing.
Class Content Overview
Level: Basic/Foundational
This class is suitable for individuals who have a general interest in, or are exposed to, commercial finance transactions but have not had extensive practical experience in handling commercial loan transactions.
Course Details
2 CLE Credits are available for each course.
Students are presented with a lender 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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