The Viewpoint - Evolution and Pattern of a Facility Agreement Some Thoughts

Bar & Bench January 10 2012

A Perspective

It has been a long but fruitful day. The borrower has just managed to settle the tricky commercial issues that have been the subject matter of long negotiations. Admittedly, there have been quite a few give and takes with some heated arguments but all in good spirit. Everybody wants a good bargain. But the deal has been sealed in that ten page odd signed term sheet.  Now all that is left is for the lawyers to reproduce it in a short (say 30 page) document to be signed anytime this week.

Finally after much coaxing the . . .

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