New Practical Law Banking and Finance Topic: Syndicated Lending
Content updates
Key documents included in this topic are:
- Standard document, Facility agreement: syndicated. This document is a standard form secured, Australian dollar, term and revolving facility agreement for a single borrower and multiple obligors. It contains an embedded guarantee given by each obligor and optional provisions for compliance with the interest withholding tax exemption in section 128F of the Income Tax Assessment Act 1936 (Cth).
- Standard document, Security trust deed. This document is a standard form security trust deed for use in syndicated finance or other transactions where security is held on trust by a security trustee for the benefit of a group of secured finance parties.
- Standard document, General security deed: syndicated, specific liabilities (multiple obligor). This document is a standard general security deed under which multiple companies grant security over all of their present and after-acquired property in favour of a security trustee.
- Standard document, Real property mortgage: syndicated, specific liabilities (NSW). This document is a standard form real property mortgage under which a company grants security over property located in New South Wales in favour of a security trustee. This document can be used in connection with the National Mortgage Form (NMF) including if the NMF is being lodged electronically through an Electronic Lodgement Network, such as PEXA.
- Standard clause, Facility agreement: mandatory prepayments. This document contains a number of mandatory prepayment provisions that are often found in both syndicated and bilateral facility agreements.
- Ancillary documents. The new topic also contains a number of ancillary documents that are intended to be used in conjunction with the standard form syndicated lending documents including checklists, fee and commitment letters, transfer certificates and accession deeds.
In addition, a number of our existing resources have been updated to provide optional drafting for both bilateral and syndicated lending transactions.
Additional content will be added to this topic over the coming months.