Skip to main content

Track

Loan Types and Features

Lawyers will learn about the main types of loans, including term loans, revolvers, secured and unsecured loans, and bilateral and syndicated loans. The program also reviews key features commonly found in commercial loans, such as repayment provisions, guaranties, and covenants and events of default.

CLE Available

CLE credit details

  1. Alaska

    Category:
    General
    Credit hours:
    0.8
    Status:
    Available for Credit
  2. Arizona

    Category:
    General
    Credit hours:
    0.75
    Status:
    Available for Credit
  3. Arkansas

    Category:
    General
    Credit hours:
    0.75
    Status:
    Approved
  4. California

    Category:
    General
    Credit hours:
    0.75
    Status:
    Approved
  5. Colorado

    Category:
    General
    Credit hours:
    1.0
    Status:
    Approved
  6. Connecticut

    Category:
    General
    Credit hours:
    0.75
    Status:
    Available for Credit
  7. Delaware

    Category:
    General
    Credit hours:
    0.75
    Status:
    Approved
  8. District of Columbia

    Category:
    General
    Credit hours:
    0.8
    Status:
    Non-MCLE
  9. Florida

    Category:
    General
    Credit hours:
    1.0
    Status:
    Approved
  10. Hawaii

    Category:
    General
    Credit hours:
    0.75
    Status:
    Approved
  11. Idaho

    Category:
    General
    Credit hours:
    0.75
    Status:
    Approved
  12. Illinois

    Category:
    General
    Credit hours:
    0.75
    Status:
    Approved
  13. Iowa

    Category:
    General
    Credit hours:
    0.75
    Status:
    Applied For
  14. Maine

    Category:
    General
    Credit hours:
    0.75
    Status:
    Approved
  15. Maryland

    Category:
    General
    Credit hours:
    0.8
    Status:
    Non-MCLE
  16. Massachusetts

    Category:
    General
    Credit hours:
    0.8
    Status:
    Non-MCLE
  17. Michigan

    Category:
    General
    Credit hours:
    1.0
    Status:
    Non-MCLE
  18. Minnesota

    Category:
    General
    Credit hours:
    0.75
    Status:
    Approved
  19. Mississippi

    Category:
    General
    Credit hours:
    0.9
    Status:
    Approved
  20. Missouri

    Category:
    General
    Credit hours:
    1.0
    Status:
    Available for Credit
  21. Montana

    Category:
    General
    Credit hours:
    0.75
    Status:
    Approved
  22. Nebraska

    Category:
    General
    Credit hours:
    0.75
    Status:
    Approved
  23. New Hampshire

    Category:
    General
    Credit hours:
    0.86
    Status:
    Available for Credit
  24. New Jersey

    Category:
    General
    Credit hours:
    1.0
    Status:
    Reciprocity
  25. New Mexico

    Category:
    General
    Credit hours:
    0.8
    Status:
    Approved
  26. New York

    Category:
    Areas of Professional Practice
    Credit hours:
    1.0
    Status:
    Approved
  27. North Dakota

    Category:
    General
    Credit hours:
    0.75
    Status:
    Available for Credit
  28. Ohio

    Category:
    General
    Credit hours:
    0.75
    Status:
    Approved
  29. Oklahoma

    Category:
    General
    Credit hours:
    1.0
    Status:
    Approved
  30. Oregon

    Category:
    General
    Credit hours:
    0.75
    Status:
    Approved
  31. Pennsylvania

    Category:
    General
    Credit hours:
    0.5
    Status:
    Approved
  32. South Dakota

    Category:
    General
    Credit hours:
    0.8
    Status:
    Non-MCLE
  33. Utah

    Category:
    General
    Credit hours:
    0.5
    Status:
    Approved
  34. Vermont

    Category:
    General
    Credit hours:
    0.75
    Status:
    Approved
  35. Virginia

    Category:
    General
    Credit hours:
    1.0
    Status:
    Approved
  36. Washington

    Category:
    Law & Legal Procedure
    Credit hours:
    0.75
    Status:
    Approved
  37. Wyoming

    Category:
    General
    Credit hours:
    0.75
    Status:
    Approved
Start Track
  1. still frame from Loan Classifications 15 min

    Types and Features of Commercial Loans

    An introduction to the main types and features of loans, such as term loans and revolvers, bilateral and syndicated loans, secured and unsecured loans, and loan priority. Examples of these types of loans, such as asset-based loans, unitranche loans, and mezzanine debt are also covered.

  2. still frame from Main Parties 16 min

    Syndicated Loans

    An overview of syndicated loans, including why they’re used, who the main parties are, and the main categories of syndicated loans. The pre-commitment period, including important provisions in commitment letters, the syndication process, and the documentation, closing, and administration of a syndicated loan are also covered.

  3. still frame from Covenants 11 min

    Covenants and Events of Default

    A review of covenants and events of default, including affirmative and negative covenants, a detailed look at financial covenants, and the interplay between covenants and events of default. This course also looks at the concepts of “covenant lite” and “springing covenants” as well as the difference between a Default and an Event of Default.

  4. still frame from Scheduled Repayments 7 min

    Principal Repayments

    An overview of loan repayments, including a discussion of amortization, balloon payments, voluntary vs. mandatory prepayments, and prepayment penalties.