Documentation

From the approved memo to a signed facility: term sheet, agreement, security package and conditions precedent, in your forms.

Approval to signed facility

One approved deal, from the term sheet to a signed facility. 4 workflows, then the signatories.

Wendlebury Tooling Ltd

4 workflows, then the signatoriesDocumentation

Drafts the term sheet from the approved memo and your standard terms, and marks every term that departs from them.
Read
1The approved memo2Your standard terms
Produced
A draft term sheet, every departure marked12Done in 1 min 5 s
Hands to
The term sheetFacility agreement

Drafts the facility agreement from the signed term sheet and reads the borrower's comments against your positions.
Read
1The term sheet2Your positions3The borrower's mark-up
Produced
A draft agreement, every departure cited to its clause123Done in 3 min 20 s
Hands to
The agreementSecurity package

Drafts the security documents the deal needs, from the pledge to the assignment of receivables and the account control agreement.
Read
1The term sheet2The collateral3Your forms
Produced
A security package in your forms123Done in 2 min 2 s
Hands to
The security packageConditions precedent

Builds the conditions precedent checklist and marks what the file already satisfies.
Read
1The agreement2The borrower's file
Produced
A CP checklist, each item with its evidence12Done in 31 s
Hands to
The checklistThe signatories

Your signatories read the exceptions, each cited to its clause, before anyone signs.
Reads
The agreement, the security package and the CP checklist
Decides
Approve, revise or stop
Signs
Your signatoriesAwaiting signature

Your signatories read the exceptions, each cited to its clause, before anyone signs.
Reads
The agreement, the security package and the CP checklist
Decides
Approve, revise or stop
Signs
Your signatoriesAwaiting signature

Each stage is built to your credit policy and proven on your past files before it goes live.

What changes for your deal team

A term sheet drafted from the memo

The approved terms go straight into your term sheet, every departure from your standard marked.

Mark-ups read against your positions

The borrower’s comments are read clause by clause, and every departure is cited.

Conditions precedent, tracked

Every condition is listed with the evidence that satisfies it, and what is missing is chased.

How it works

Lending documents only

Term sheets, facility agreements, security documents and conditions precedent. Not general legal work.

Your forms and your counsel

It drafts in your templates. Your counsel and your signatories decide.

The file travels with it

The documents read in due diligence and underwriting are already on the record.

A mark-up is on the clock

Comments that sit unanswered are flagged, with the chase drafted.

Go deeper

Underwriting

From the cleared file to a signed committee decision.

Read more →

Monitoring

Every facility after signing.

Read more →