Syndicated Lending: Practice and Documentation, 5th edition

The fifth edition of the 'Gold Book' has been fully updated and revised to take account of all the changes in the rapidly evolving market for syndicated credits. The book provides practical explanations by borrowers and bankers of the syndication process, including how to arrange, lead and manage a syndicated loan and includes an up-to-date discussion of documentary issues (contributed by Clifford Chance) using annotated documents. The book will benefit the reader with decades of combined syndicated lending expertise. It is a complete guide, taking the reader through underwritten deals, credit facilities in loan markets and the various stages of syndicated lending (from the opening phase of seeking a mandate through to syndicating, documenting and the closing of a transaction). This latest edition includes: structural analysis and recent developments in the syndicated credit markets, structure, content and cost analysis of offers to arrange syndicated transactions, the transaction cycle for a syndicated credit, the documentation process, secondary market transfer mechanism, defaults, enforcements and workouts, corporate acquisition case study, discussion of the impact of Basel II, review of Loan Market Association activities