Multi-Currency Syndicated Loans

You may be one of many proposed or current participators in a complex loan agreement of this type but it will have been drafted by the bank agent. As a proposed participator, are you really happy with the broad range of powers which the agent has been given in the document, and otherwise satisfied with the disclosure obligations of the borrower or the range of default provisions?

It is not always the case that you can ride on the back of the loan agreement, knowing that your fellow participators are in the same boat. You may be a larger or smaller fish than they are, and may have somewhat different objectives.

Knowing that you have the particular protections which you need and/or that you are able to transfer your participation relatively easily in the context of a long term lending commitment should be important to you.

We have the experience in reviewing complex syndicated loan documentation and - at the outset - from a brief perusal of the document can often highlight for you the pertinent concerns, and suggest amendments. It could be money well spent!

As a current participator, are you getting the service from the bank agent to which you are entitled? Is it time to transfer your participation and how do you go about it? We can advise you on your participation rights and methods of transfer/exit.