Book description
Syndicated Lending aims to increase the readers awareness of the benefits and risks involved in taking part in the Syndicated Loan market.This book covers:*Who the major players in the syndication loan market are*Why syndication loans are used*Syndication loan structures and documentation*Secondary syndication loan market*Inspired from the basic entry level training courses that have been developed by major international banks worldwide.*Will enable MSc Finance students, MBA students and those already in the finance profession to gain an understanding of the basic information and principles underlying the topic under discussion*Questions with answers, study topics, practical "real world" examples and text with an extensive bibliography and references ensure learning outcomes can be immediately applied
Table of contents
- Cover image
- Title page
- Table of Contents
- Copyright page
- Foreword
- Chapter 1: Introduction to syndicated loans
- Chapter 2: Attractions of the syndicated loan market
- Chapter 3: Responsibilities and obligations of syndicated loan participants
- Chapter 4: The major players in the syndicated loans market
-
Chapter 5: Structures used in syndicated loans
- Overview of syndications
- Term of loan
- Revolving facilities
- Committed and uncommitted facilities
- Single currency or multi-currency
- Repayment profiles
- Repayments via bond issues/acquisition finance
- Evergreen facilities
- Senior debt, mezzanine finance, and subordinated loans
- A subordinated loan
- Securitization
- Trade finance/pre-export finance
- Stock loans
- Project finance
- Aircraft finance
- Ship construction finance
- Non-recourse loans
- Standby credits
- Property finance
- Vodafone AirTouch
-
Chapter 6: The loan agreement
- The preamble
- Definitions
- The facility
- Purpose
- Conditions precedent
- Utilization
- Repayment
- Prepayment
- Interest rate
- Fees
- Taxes and other deductions
- Other indemnities
- Guarantee
- Representations and warranties
- Undertakings
- Indemnities
- Currency
- The agent and lenders
- Sharing payments
- Transfers of participations
- Changes to the obligors
- Waivers, amendments, and consents
- Partial invalidity
- Governing law and jurisdiction
- Legal opinions
- Chapter 7: Loan covenants
- Chapter 8: Secondary loan markets
- Glossary
- Index
Product information
- Title: Syndicated Lending
- Author(s):
- Release date: September 2004
- Publisher(s): Butterworth-Heinemann
- ISBN: 9780080481289
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