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Debt Financing Term Sheet
"Need a Debt Financing Term Sheet for a SGD 50 million secured term loan facility to finance a commercial property acquisition in Singapore, with syndication options and green loan provisions to be included by March 2025."
1. Parties: Identification of lender(s) and borrower(s), including full legal names and registration details
2. Background: Brief context of the financing arrangement and purpose of the facility
3. Definitions: Key terms used throughout the term sheet
4. Facility Details: Type of facility, principal amount, currency, purpose, and availability period
5. Interest and Fees: Interest rate, calculation basis, payment dates, and all applicable fees
6. Repayment Terms: Repayment schedule, prepayment provisions, and mandatory prepayment events
7. Security Structure: Required security, guarantees, and ranking of security
8. Conditions Precedent: Conditions to be satisfied before drawdown
9. Representations and Warranties: Standard declarations required from the borrower
10. Covenants: Financial and non-financial undertakings by the borrower
1. Syndication Provisions: Terms related to syndication rights and process, used when facility may be syndicated
2. Currency Conversion: Terms for multi-currency facilities and exchange rate provisions, used for cross-border financing
3. Green Loan Provisions: Sustainability-linked terms and reporting requirements, used for green or sustainable financing
4. Tax Provisions: Detailed tax considerations and gross-up provisions, used for cross-border or complex structures
1. Schedule 1 - Pricing Schedule: Detailed breakdown of interest margins, fees, and pricing components
2. Schedule 2 - Drawdown Notice Template: Standard form for requesting facility utilization
3. Schedule 3 - Financial Covenants: Detailed financial ratios and calculation methodologies
4. Schedule 4 - Security Package Overview: Comprehensive list of required security documents and timing
5. Schedule 5 - Conditions Precedent Checklist: Detailed list of required documents and conditions
Authors
Break Costs
Business Day
Commitment
Conditions Precedent
Default
Event of Default
Facility
Final Maturity Date
Finance Documents
Financial Indebtedness
Group
Interest Period
Interest Rate
LIBOR/SIBOR/SORA
Loan
Margin
Material Adverse Effect
Obligors
Permitted Security
Potential Event of Default
Prepayment Fee
Reference Banks
Repayment Date
Security
Security Documents
Subsidiaries
Tax
Transaction Documents
Utilisation
Utilisation Date
Utilisation Request
Purpose
Availability Period
Interest and Fees
Repayment Terms
Security Package
Conditions Precedent
Conditions Subsequent
Representations and Warranties
Financial Covenants
Information Covenants
General Undertakings
Events of Default
Prepayment Events
Tax Provisions
Market Disruption
Increased Costs
Assignment and Transfer
Confidentiality
Governing Law
Dispute Resolution
Documentation
Exclusivity
Costs and Expenses
Binding Effect
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