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Revolving Credit Facility Agreement
I need a Revolving Credit Facility Agreement under Danish law for a EUR 50 million syndicated facility with multiple drawdown options, where my manufacturing company is the borrower and three Nordic banks are the lenders, including green loan provisions and quarterly financial covenants.
1. Parties: Identification of the lender(s), borrower(s), facility agent (if applicable), and security agent (if applicable)
2. Background: Context of the facility and purpose of the agreement
3. Definitions and Interpretation: Definitions of terms used in the agreement and interpretation rules
4. The Facility: Core terms of the revolving credit facility including amount, purpose, and availability period
5. Utilisation: Process and conditions for drawing down the facility
6. Repayment and Prepayment: Terms for repayment, mandatory and voluntary prepayment provisions
7. Interest: Interest calculation, periods, and payment provisions
8. Fees: Commitment fees, arrangement fees, and other applicable fees
9. Tax Gross Up and Indemnities: Tax-related provisions and indemnification obligations
10. Increased Costs: Provisions for dealing with changes in costs due to regulatory or legal changes
11. Representations: Borrower's representations and warranties
12. Information Undertakings: Obligations to provide financial and other information
13. Financial Covenants: Financial maintenance covenants and testing requirements
14. General Undertakings: General positive and negative covenants
15. Events of Default: Circumstances constituting default and consequences
16. Changes to Parties: Transfer and assignment provisions
17. Administration: Administrative provisions including calculations and notices
18. Governing Law and Jurisdiction: Choice of Danish law and jurisdiction provisions
1. Security: Required if the facility is secured, detailing security package and enforcement rights
2. Guarantee: Required if there are guarantors, detailing guarantee provisions
3. Accordion Feature: Optional section for facility increase mechanisms
4. Multiple Currencies: Required if the facility can be drawn in multiple currencies
5. Agency Provisions: Required in syndicated facilities with facility agent and security agent
6. Majority Lenders: Required for syndicated facilities, defining voting rights and decision-making
7. Market Disruption: Optional provisions for dealing with market disruption events
8. Sanctions and Anti-Corruption: Enhanced compliance provisions if required by lender policy
9. Green Loan Provisions: Optional for green/sustainable facilities with specific KPIs
1. Conditions Precedent: List of required documents and conditions for initial and subsequent utilization
2. Form of Utilisation Request: Standard form for drawing down the facility
3. Form of Transfer Certificate: Standard form for transfers between lenders
4. Form of Compliance Certificate: Template for periodic compliance certification
5. Timetables: Operational timelines for utilization, interest periods, and payments
6. Form of Accession Deed: Template for additional borrowers or guarantors joining
7. Financial Covenant Calculations: Detailed calculations for financial covenants
8. Security Documents: Forms of security documents if facility is secured
9. Existing Security and Financial Indebtedness: List of permitted existing arrangements
Authors
Additional Borrower
Additional Guarantor
Affiliate
Agent
Availability Period
Available Commitment
Available Facility
Break Costs
Business Day
Code of Conduct
Commitment
Compliance Certificate
Confidential Information
Default
Default Interest
Defaulting Lender
Disruption Event
Danish Business Day
Event of Default
Existing Security
Facility
Facility Office
Finance Document
Finance Party
Financial Indebtedness
Financial Quarter
Financial Year
Group
Guarantor
Holding Company
Interest Period
Interest Rate
Legal Reservations
Lender
Loan
Majority Lenders
Margin
Material Adverse Effect
Month
New Lender
Original Financial Statements
Original Jurisdiction
Original Obligor
Party
Permitted Security
Qualifying Lender
Quote Day
Reference Bank Rate
Reference Banks
Related Fund
Relevant Market
Repayment Date
Repeating Representations
Representative
Rollover Loan
Screen Rate
Security
Security Document
Security Property
Selection Notice
Subsidiary
Tax
Tax Deduction
Term
Total Commitments
Transfer Certificate
Transfer Date
Unpaid Sum
Utilisation
Utilisation Date
Utilisation Request
VAT
Facility Terms
Purpose
Conditions Precedent
Utilization
Repayment
Prepayment
Interest
Interest Periods
Changes to Interest Calculation
Fees
Tax Gross-Up
Increased Costs
Indemnities
Costs and Expenses
Guarantee
Representations
Information Undertakings
Financial Covenants
General Undertakings
Events of Default
Changes to Parties
Role of Agent
Role of Security Agent
Payment Mechanics
Set-Off
Notices
Calculations
Amendments and Waivers
Confidentiality
Counterparts
Governing Law
Enforcement
Security
Anti-Corruption
Sanctions Compliance
Data Protection
Force Majeure
Assignment
Severability
Banking and Financial Services
Manufacturing
Real Estate
Retail
Technology
Healthcare
Energy
Infrastructure
Transportation
Construction
Professional Services
Agriculture
Telecommunications
Legal
Finance
Treasury
Corporate Banking
Credit Risk
Compliance
Loan Administration
Security Administration
Corporate Finance
Transaction Management
Chief Financial Officer
Treasury Manager
Finance Director
Legal Counsel
Corporate Lawyer
Banking Relationship Manager
Credit Risk Manager
Facility Agent
Security Agent
Corporate Banking Director
Loan Officer
Compliance Officer
Financial Controller
Head of Corporate Banking
Senior Credit Analyst
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