Document background
The Senior Loan Agreement is a fundamental document in corporate financing, used when a company seeks senior debt financing from banks or financial institutions. This agreement, governed by Austrian law, establishes the primary terms of the lending relationship, including facility amount, interest calculations, repayment schedules, and security arrangements. It incorporates specific requirements under Austrian legislation, particularly the ABGB and BWG, while maintaining market-standard provisions for senior debt. The document is essential for both bilateral and syndicated lending arrangements, providing senior lenders with priority in payment and security rights over subordinated creditors. It includes comprehensive covenants, representations, and warranties to protect lenders' interests, along with detailed conditions precedent and ongoing compliance requirements for the borrower.
