The Handbook of International Loan Documentation

Syndicated loans are one of the key ways in which firms raise capital for growth. Agreements can range from straightforward 'vanilla' transactions, to highly complex agreements with numerous payout structures and conditions, and a key part of the process is documentation and negotiation.

This new edition provides a highly practical and comprehensive resource for bankers, lawyers, and corporate treasurers, at all levels of experience involved in international lending. The author covers the terms of international loan documentation with comprehensive explanations of the purpose of the provisions, and of areas that may require negotiation, with an emphasis on the wording of the Loan Market Association (LMA) documents. It covers term loans and revolving credits and includes comparisons of the provisions required for investment grade borrowers and for asset and project-based credit risks, and includes discussion of security, quasi security, and legal opinions.

Sue Wright qualified as a solicitor in 1981, then practiced international finance at Norton Rose for 16 years, for the latter half as a partner in the international finance department. Towards the end of that time Wright started teaching public courses on international loan documentation. When she retired from the Norton Rose partnership in 1997 Wright took responsibility for training the banking lawyers at Norton Rose. In 1999 a new opportunity arose, to work for Herbert Smith, in charge of the firm's legal training. In 2007 she launched an online training website at www.suewrightonline.com.

Since running the first loan documentation training course for Euromoney in 1995, its popularity has increased and it has become an industry standard for training junior bankers. It is also hugely popular among lawyers. From a small beginning of running two three-day courses in 1995, she now runs the course for Euromoney several times a month all over the world (Austria, Brazil, England, Hong Kong, Kenya, Russia, The Netherlands, Singapore, South Africa, Sweden, UAE, USA and many more) and has added additional courses to her growing portfolio.