Loan Agreement
The loan agreement is the principal finance document and sets out detailed terms and conditions on which the facilities are to be made available to the borrower. The content falls broadly into four categories: key mechanics, key margin protection, key commercial protection …
Leveraged Loan
If a borrower’s credit rating is below a specific credit rating (i.e. Ba1/BB+), the loan will be deemed to be leveraged. …
Large Firm
A company having more than £36 million in turnover, £18 million balance sheet total or 250 employees in any one financial year. …