Document background
A Loan Note is a formal debt instrument commonly used in corporate financing transactions under Irish law. It serves as evidence of debt and a promise to repay a specific sum with interest under defined terms. This document is typically used when companies need to raise debt financing, whether for working capital, expansion, acquisitions, or refinancing existing debt. The Loan Note includes essential terms such as interest rates, repayment schedules, security provisions, and events of default, all structured to comply with Irish legal and regulatory requirements. It's particularly useful in private lending arrangements, corporate group financing, and situations where the debt may need to be transferable. The document must conform to Irish company law, financial services regulations, and consider relevant tax implications, particularly regarding interest payments and stamp duty.
