Opinion Letter
(Secured Transaction)


Summary

This form is a standard legal opinion letter delivered by the borrower’s counsel to the lenders in a typical syndicated loan transaction. This form includes practical guidance and drafting notes.This form contemplates a financing that includes the following elements:• A senior secured credit facility consisting of one or more term loan facilities and a revolving loan facility.• Agency roles for each of an administrative agent, collateral agent and issuing bank, acting for a syndicate of lenders.• Collateral and guarantee support from the loan parties, generally including a group of the borrower’s subsidiaries and the borrower’s immediate parent entity.Read this form in conjunction with the practice notes Scope and Elements of Opinion Letters and Preparing Legal Opinions and Other Common Aspects of Opinion Practice.Note that the various opinions provided in this opinion letter are often divided into one or more separate opinion letters. The borrower’s internal legal counsel or regular ...