A sample term sheet for a sterling term loan facility, to be provided by a syndicate of lenders to a corporate borrower for the purpose of financing the acquisition of the entire issued share capital of a private limited company incorporated in England or Wales (target). The term sheet also caters for a sterling revolving credit facility to be provided by those lenders to members of the principal borrower's group for general corporate and working capital purposes. Optionality has been included for the interest rate to be linked to either SONIA compounded in arrears (using a lookback period without observation shift) or the Bank of England's Bank Rate.

This term sheet should be tailored to fit the agreed commercial terms.