Reasons for Entering the Syndicated Lending Market

• Borrower's and lender's viewpoint

Types of Syndicated Facilities

• Term loans
• Revolving credits
• Backstop Swingline
• Tranched debt
• Repayment profiles
  • Amortising
  • Bullet
  • Balloon

The Syndication Process

• Pre-mandate
  • Role of arranger
  • Making an offer
  • Term sheet
  • Underwriting
  • Best efforts
  • Front running

• Post-mandate
  • Timetable
  • Roles of arranger bookrunner, MLA, facility agent
  • Oversubscription and allocation

Post-signing - role of the facility agent

Pricing Considerations

Preparing an Information Memorandum

The Secondary Market

• Methods of transfer
  • novation
  • assignment
  • sub-participation
• Trade confirmations
• Pricing letters
• Transfer certificates
• Explanation of delayed compensation