Credit Agreement Fundamentals
Learn about the structure and key sections of a credit agreement
Overview
Unlock the secrets of credit agreements in this dynamic course that demystifies their structure and critical components. Whether you're new to finance or looking to deepen your expertise, you'll gain a clear understanding of each key section, empowering you to navigate and negotiate credit agreements with confidence and precision. Topics covered include:
- Type of facilities
- Bank roles
- Borrower (not always corporate parent)
- Rates
- Committed vs best efforts
- Repayment terms
- Covenants
- Fees
- Hedges (if applicable)
- Priority of payment
- Cash flow waterfall
- Bankruptcy priority
- Use of proceeds
- Event of default