The second edition brings the book up to date by including the key developments since 2009 such as unitranche, the return of cov-lite, new LIBOR sourcing as well as new restructuring techniques and case law, including cases that cite the first edition.
Additionally a glossary and new FAQs have been added and the "reverse engineer" now includes the most recent Loan Market Association forms.
- Provides an understanding of the fundamental commercial and legal principles forming the basis for syndicated lending across the range of corporate borrowers
- The guide deals with the setting up and management of syndicated loan agreements by following the life cycle of a loan agreement
- Describes why syndicated loans are used and explains the theory and mechanics of syndicated lending
- Provides guidance to practitioner’s on how to agree on a deal and sell a deal
- Highlights the actions/steps that can be taken when things go wrong
- Provides answers to questions such as “When do the Lenders have to Lend”, “When can they get their money back” and “What if they don’t want it”
- Explains the differences encountered in working with syndicated loans in different jurisdictions within Europe such as France, Germany and Italy and in Asia and USA
- Sets out a worked example of a company’s capital structure with pending default
- Introduces to this edition a detailed glossary
- Lists a revised series of frequently asked questions
- Presents an updated reverse engineer which will quickly guide readers to a particular provision of the syndicated loan agreement
