The Senior Facilities Agreement is the primary documentation for secured corporate lending transactions in Malaysia, used when companies require substantial financing for various corporate purposes including acquisitions, capital expenditure, or refinancing. It establishes a senior ranking credit facility, typically comprising term loans and revolving credit facilities, and incorporates necessary provisions to comply with Malaysian banking regulations and Bank Negara Malaysia requirements. The agreement details all aspects of the lending relationship including facility terms, drawdown mechanics, repayment obligations, security package, and lender protections. It can be structured to accommodate both conventional and Islamic financing requirements, making it versatile for the Malaysian market. The document follows international lending practices while incorporating specific Malaysian law requirements regarding security creation, registration, and enforcement.

1. Parties: Identification of the borrower, lenders, facility agent, security agent and other finance parties

2. Background: Brief description of the transaction and purpose of the facilities

3. Definitions and Interpretation: Comprehensive definitions section and interpretation principles

4. The Facilities: Details of the facilities, purpose, commitment amounts and availability

5. Conditions Precedent: Conditions to be satisfied before utilization of the facilities

6. Utilization: Process and requirements for drawing down the facilities

7. Repayment and Prepayment: Terms for scheduled repayments and voluntary/mandatory prepayments

8. Interest: Interest calculation, periods, rates, and payment provisions

9. Fees: All fee provisions including arrangement, commitment, and agency fees

10. Tax Gross Up and Indemnities: Tax provisions and related indemnity obligations

11. Changes in Circumstances: Provisions for market disruption, increased costs, and illegality

12. Representations and Warranties: Borrower's representations and warranties

13. Information Undertakings: Financial and other information delivery obligations

14. Financial Covenants: Financial maintenance covenants and related definitions

15. General Undertakings: Positive and negative covenants of the borrower

16. Events of Default: Default triggers and consequences

17. Changes to Parties: Transfer and assignment provisions

18. The Facility Agent and Security Agent: Roles, responsibilities, and rights of the agents

19. Payment Mechanics: Payment provisions, currency, and set-off rights

20. Notices: Communication methods and contact details

21. Miscellaneous: General provisions including amendments and waivers

22. Governing Law and Enforcement: Choice of Malaysian law and jurisdiction provisions