Document background
The Facilities Agreement is a crucial financial document used when a lender or syndicate of lenders provides financial accommodation to a borrower under Irish law. It is commonly used for various financing purposes, including corporate lending, project finance, real estate development, and general working capital facilities. The agreement comprehensively addresses all aspects of the lending relationship, including facility terms, conditions precedent, drawdown mechanics, repayment obligations, security arrangements, and ongoing compliance requirements. It must comply with Irish regulatory requirements, including those set by the Central Bank of Ireland and relevant EU regulations. The Facilities Agreement typically incorporates market-standard provisions while being tailored to specific transaction requirements and the particular needs of the parties involved.
