A workbook for junior lawyers · English law
Finance Deals & Syndicated Lending
A plain-English workbook on how companies borrow serious money — syndicated loans on the market-standard architecture used across the European loan market, from mandate letter to drawdown. Built around one fictional financing: the €40 million facility with which Atlas Payments Group plc, a London-listed payments group, funds its €42 million purchase of an Irish rival — the deal its team calls Project Sunrise — documented in a complete training facility agreement you can read alongside every chapter.
Chapter 1 is free to read now — the taster. The full edition unlocks the other thirteen chapters, the complete facility agreement, and the 40-question final exam.
How this workbook works
Read
Each chapter explains one part of a financing in plain English — no assumed knowledge, every term defined the first time it appears. The acquisition this loan pays for is the subject of our M&A edition; nothing here depends on having read it.
See it in a real document
Concepts are anchored to specific clauses of the Sunrise facility agreement — an original training document built on the architecture every English-law loan lawyer works with.
Test yourself
Every chapter ends with a 10-question test (pass mark 8). Finish with a 40-question final exam. Your progress is saved to your Solon profile, alongside your other editions.
The case study: financing Project Sunrise
Atlas Payments Group plc, a London-listed payments group, has agreed to buy Solaris Digital Assets Europe Ltd, an Irish crypto-asset firm, for €42 million. This workbook is about where the money comes from. (The acquisition itself is the subject of our M&A edition — you do not need to have read it.)
Because the loan exists to pay for an acquisition signed but not yet completed, the agreement is built for that job: certain funds drawstop protections, conditions precedent tied to the share purchase agreement (the SPA), financial covenants, and a syndicate that needs rules for acting together. The full facility agreement is on this site, and chapters link straight into its clauses.
The modules
Reference shelf
The Sunrise Facility
The complete training facility agreement — every clause anchored and linkable.
Glossary
Loan-market language in plain English.
Final Exam
40 questions across all fourteen chapters. Pass mark 32.
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M&A Foundations
The deal this loan pays for — private M&A under English law, with the full share purchase agreement.
Security & Collateral
What secured lending adds — fixed and floating charges, registration and enforcement, with the full training debenture.
AML & Compliance
Anti-money-laundering (AML) and know-your-customer (KYC) checks — the compliance machinery behind every facility. Coming soon.