Stek organizes documentation session Dutch borrowing base lenders

Stek (Merijn Batteram and Sharon Kaufmann) organized recently a documentation session for legal counsels of several Dutch borrowing base lenders. Key focus was the correlation between the LMA senior facilities agreement with borrowing base facility and the FAAN based borrowing base ancillary document used in the Dutch market. A special thanks to all the participants for taking the time to exchange thoughts on the documentation, recent experiences and providing very useful insights. The ultimate goal was achieved: taking the documentation one step further. The Stek finance team is looking forward to further implementation.