Closing Checklist (Financing Transaction)


Summary

This closing checklist is used for a syndicated, secured, guaranteed corporate loan transaction, which should be tailored to the details of the particular transaction. The conditions precedent section in the principal credit agreement should be reviewed carefully as the main source for drafting the closing checklist, but other closing items not addressed in the conditions precedent section should also be carefully considered. The closing checklist is usually prepared by the lender’s/administrative agent’s counsel. The closing checklist is used to stay organized and keep all the parties on track in a complicated loan transaction. Once the deal has closed, a closing checklist can also be modified into a closing index for the closing binders.