What Clients Have Said

A retail investor had received a facility letter for a RM 1.2m home financing arrangement from a domestic bank. Two guarantees were required from family members, and the facility included a clause on early repayment penalties that was not clearly explained in the bank's summary. The client wanted to understand the full obligations before signing.

The loan documentation advisory was engaged. The facility letter, charge document, and two guarantee instruments were reviewed over three working days. The advisory note explained the early repayment structure, the scope of the guarantors' obligations, and two further clauses — relating to property insurance assignment and cross-default — that the client had not been aware of. A letter proposing one amendment was prepared and sent to the bank.

The bank accepted the proposed amendment to the early repayment clause within four working days. The client signed the documentation and drew down the facility the following week, having received a clear account of what the financing required. The guarantors also received a brief written summary of their exposure before signing.

A manufacturing company in Selangor was refinancing an existing RM 4.5m term loan from one bank to another, taking the opportunity to consolidate two facilities. The new facility required a full set of security documents, a debenture over the company's assets, and the release of existing security by the outgoing lender. Timing was important — the existing facility had a maturity date approaching.

The corporate financing engagement was taken on. tabulaxxes coordinated with the new bank's solicitors on the facility agreement and debenture documentation, managed the conditions precedent checklist, and handled correspondence with the outgoing lender's solicitors on the release of existing security. A step-by-step transaction plan was shared with the client's finance team at the outset.

The transaction closed on time — five days before the existing facility's maturity date. The closing memorandum set out the new security structure and the ongoing covenant obligations under the consolidated facility. The company's CFO used this document to brief the board on the revised financing arrangement without requiring a separate legal consultation.