Overview
This course familiarizes participants with the structure and key sections of a credit agreement.
- 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