Syndicated loans are loans provided by a group of lenders and administered or arranged by investment banks and are one of the key ways in which firms raise capital for growth. Agreements can range from straightforward 'vanilla' transactions, to highly complex agreements with numerous payout structures and conditions, and a key part of the process is documentation and negotiation. This new edition provides a highly practical and comprehensive resource for bankers and lawyers, at all levels of experience, involved in international lending. The author covers the terms of international loan documentation with comprehensive explanations of the purpose of the provisions, and of areas that may require negotiation, with an emphasis on the wording of the Loan Market Association (LMA) documents. It also covers term loans and revolving credits and includes comparisons of the provisions required for investment grade borrowers and for asset and project based credit risks, and includes discussion of security, quasi security, and legal opinions.