Subjects:

Banking and Finance

Contents:

The Nature of Borrowings

Types of Borrowing

Bank Loans

Debt Securities

ECP Programmes

Some Common Commercial Terms

Security: The General Law

Types of Security

Subordination

The Power to Borrow, to Guarantee and to Give Security

Application of the Banking Act 1987

Guarantees

The Role of Trustees

Attracting Lenders

US Securities Laws

Transfer of Lenders’

Interests

Variation of Rights

Debentures

Taxation

Execution of Documents

Corporate Borrowing straddles both company and banking law. In one volume it defines the most effective ways of raising debt finance – from bank loan agreements to MTN programmes – and examines the specific legal problems of security and prospectus requirements under the Prospectus Directive.

The third edition of this highly rated book has been fully updated with the key legal and regulatory developments and features significantly expanded coverage of security going from one to two chapters dealing with the general law and types of security, subordination, guarantees and variation of rights.

Repackagings, CDOs, securitisations and other forms of structured finance are now described in detail as well as the implications of the Elektron cases on the roles of trustees and new regulations on the execution of documents.