Sample term sheet for loan

About this business activity

A term loan agreement outlines the terms of a loan between a lender and borrower. It includes the loan amount, interest rate, repayment schedule, and any other terms that the lender and borrower agree to.

Term Sheet For Loan Agreement By Lending Syndicate Financing A Private Company Acquisition (SONIA or BOEBR)

A term sheet for a loan to finance the acquisition of a private company in England or Wales, with options for the interest rate to be based on either SONIA compounded in arrears or the Bank of England's Bank Rate.

What to watch out for

  • The document is a term sheet for a syndicated acquisition finance facility, to be provided by a syndicate of lenders to a corporate borrower for the purpose of financing the acquisition of the entire issued share capital of a private limited company incorporated in England or Wales (target).
  • The term sheet also caters for a sterling revolving credit facility to be provided by those lenders to members of the principal borrower's group for general corporate and working capital purposes.
  • Optionality has been included for the interest rate to be linked to either SONIA compounded in arrears (using a lookback period without observation shift) or the Bank of England's Bank Rate.
  • Contract template sketch

    Relevant Contract Types

    πŸ’Έ Term loan agreement

    A term loan agreement is a binding contract between a lender and borrower that outlines the terms of a loan, including the repayment schedule, interest rate, and collateral. The agreement also sets forth the rights and obligations of both parties.

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