Syndicated Lending & Loan Agency
A syndicated loan is one borrower, one agreement and many lenders who will not always agree. Most of what goes wrong after signing is decided by clauses few people read — who votes, who is paid first, and what the agent must and must not do.
Format
Classroom · Virtual
Upcoming sessions
Pick a session to applyADMISSIONS OPENCity cohorts run once six delegates are nominated. Tell us your preferred month and we’ll confirm dates at least four weeks ahead — please hold travel bookings until then — or offer the nearest confirmed session, live virtual, or in-house. No payment until confirmation.
The programme
Syndicated Lending & Loan Agency is a two-day syndicated lending course for corporate and syndicated lending bankers, loan agency teams, credit officers and in-house lawyers. It covers how syndicates are structured, what each lender role carries, how the facility agreement and intercreditor terms allocate rights, and what the facility agent does from signing to final repayment. Participants weigh underwritten, best-efforts and club structures, interpret the key clauses of facility documentation based on the Loan Market Association’s recommended forms, and trace how majority-lender decisions, waivers, transfers and payment waterfalls play out when a borrower comes under strain. The facility agent role — and the syndicated loan agent duties the agreement defines and limits — runs through both days, together with interest mechanics now that LIBOR has permanently ceased and risk-free rates have taken its place. This syndicated loans training works through case studies and peer benchmarks rather than theory. Delivered in English and French in Dubai, London and across the Middle East, Africa, Asia and Europe — and live online.
What you will do
Who attends
- Corporate and syndicated lending bankers, loan origination and syndication desks
- Loan agency, facility agent and security agent teams, and loan operations staff
- Credit officers and portfolio managers who approve or monitor syndicated exposures
- In-house legal counsel and documentation specialists in banks and other lending institutions
- Relationship managers for large corporate and project borrowers, and treasury teams of borrowing groups
- Participants should know the basics of corporate credit; no prior syndication or agency experience is required
Programme agenda
Built around the life of one syndicated loan — day one structure, roles and documentation, day two the agent, the syndicate and the borrower under strain
I.Why syndicate, and how the deal is put together
- Bilateral, club and syndicated facilities: what each offers the borrower and the lenders
- Underwritten and best-efforts mandates, the term sheet and the information memorandum
- Allocation, pricing and fee structures in principle, and the arranger’s exposure if the book does not fill
II.Who does what in a syndicate
- Mandated lead arranger, bookrunner, participant, facility agent and security agent
- Where the arranger’s responsibility ends, and the reliance each lender places on its own credit analysis
- Conflicts when one bank is arranger, lender, agent and hedge provider at the same time
III.Reading the facility agreement
- Loan Market Association recommended forms as the market starting point, and where negotiated deals depart from them
- Conditions precedent, representations, information undertakings and financial covenants
- Events of default, acceleration and the clauses that decide who can act and when
IV.The facility agent: duties defined and duties limited
- The agent’s mechanical role — drawdowns, interest periods, payments, notices and the flow of borrower information
- What the agency clauses say the agent is not: advisor, credit monitor or guarantor of the borrower’s information
- Acting on instructions, indemnities, resignation and replacement of the agent
V.Intercreditor terms and security
- Senior, junior and hedging creditors: ranking, subordination and payment waterfalls
- The security agent or trustee, shared security and the decision to enforce
- Where a lender’s position is weaker than the term sheet suggests, compared through case studies
VI.The syndicate after signing: votes, waivers and transfers
- Majority, super-majority and all-lender decisions, and the matters reserved to each
- Pro rata sharing, defaulting lenders and the agent’s role in collecting votes
- Assignments, transfers and sub-participations, and their effect on who sits at the table
VII.Interest after LIBOR and monitoring through the life of the loan
- Risk-free rates, compounding conventions and fallback language: what the agent calculates and the borrower pays
- Compliance certificates, covenant tests and early warning signals across the syndicate
- Know-your-customer, sanctions and information-sharing duties in a shared facility
VIII.Integrated case study: the borrower under strain
- A covenant breach and a waiver request arrive at the agent’s desk
- Weighing the options for each lender, the voting arithmetic and the intercreditor constraints
- Arguing the agent’s position, and what it must and must not do, before a mock lender meeting
Frequently asked
What is a syndicated loan, and what does a facility agent do?
A syndicated loan is a single facility provided by a group of lenders to one borrower under one agreement, usually put together by one or more arrangers. The facility agent is the bank appointed to administer it for the lenders: it processes drawdowns and payments, calculates and notifies interest, passes information between the borrower and the syndicate and acts on the lenders’ instructions. Its duties are those the agreement gives it, and the agency clauses typically state what it is not responsible for.
How is it different from the loan structuring and acquisition finance programmes?
Loan Structuring, LBOs & Acquisition Finance Masterclass focuses on whether a deal should be done and how it is structured for one borrower. Commercial Banking & Structured Finance Masterclass takes a broad view of the commercial lending business. This programme starts where several lenders share one loan: the syndicate roles, the documentation that binds them, intercreditor terms and the facility agent’s work after signing.
What has changed in syndicated loan documentation since LIBOR ended?
All LIBOR settings have permanently ceased, so facilities now reference risk-free rates and their conventions, and the Loan Market Association has published recommended forms for risk-free-rate loans. For the agent, that changes how interest is calculated and notified; for lenders and borrowers, it puts fallback and rate-switch language among the clauses worth reading closely. The programme covers the principles rather than any single currency’s conventions.
What level is the programme?
It is for practitioners who know the basics of corporate credit. No prior syndication or agency experience is required, but participants should be comfortable reading a term sheet. Lawyers and operations staff join bankers in the same cohort, because the agent’s work sits between all three.
Can it run live virtual or in-house?
Yes. Public cohorts run in the classroom and live virtual. For one institution, the programme can run in-house as a custom programme, scoped on request, in English or French.
Is there a group rate, and do delegates receive a certificate?
Institutions sending several delegates, in one cohort or across the year, receive group terms; fees are provided on enquiry. Each participant receives a BIZENIUS Certificate of Achievement. The programme is practice-led rather than exam-led and is not preparation for a third-party qualification.
Who teaches this
Practitioners, not presenters.
Led by practitioners who hold, or have held, the seats this programme prepares you for: group treasurers and heads of asset–liability management, chief risk officers, heads of credit and capital management, and former central-bank supervisors who examined the very frameworks they now teach. Between cohorts the same people advise banks on those frameworks, so what you learn is what is being defended in front of boards and regulators today.
What the bench brings
- Credit analysis, underwriting and structuring
- Credit policy design and portfolio diagnostics
- IFRS 9 expected credit loss and PD calibration
- SME and commercial banking credit
- Commercial and corporate banking process design
- SME banking: organisation, products and credit
Where they have practised
Current and former practitioners — people who hold the seat today alongside those who have held it.
Sectors: Banking & financial services · Technology & fintech · Insurance · Professional services
Regions: Africa · the Middle East · Europe · Asia · the Americas
How they teach
- Live case studies from real institutions
- Worked exercises on realistic bank data
- Regulator-style challenge sessions
- Group problem-solving on realistic institutional cases
- Knowledge checks and a personal action plan
Cohorts are kept small so every exercise is worked on the participants’ own situations — in person or live virtual.
The faculty profile for your cohort is sent with the full agenda and the next dates when you enquire.Request brochure →
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Knowledge transfer, emphasised throughout
“We worked with BIZENIUS for our Fresh Graduates Programme — they are simply amazing. Knowledge transfer and practical learning were emphasised throughout.”
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The Capability Arc™
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Advisory & Consultancy
A senior bench across risk, treasury and regulation.
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