Document background
A Debenture Loan Agreement is a crucial financial instrument used in Irish corporate lending transactions where security is required over company assets. This document type is commonly used when a company needs to borrow funds while providing comprehensive security to the lender. It combines the features of a loan agreement with security arrangements, typically creating both fixed and floating charges over the borrower's assets. The agreement must comply with Irish law, particularly the Companies Act 2014 and relevant EU regulations, and requires registration with the Companies Registration Office. The document details loan terms, security arrangements, covenants, events of default, and enforcement mechanisms, providing lenders with robust protection while giving borrowers access to needed financing. It's particularly relevant for medium to large corporate borrowings where substantial assets are available as security.
