Practice Area Guides

Finance and Banking

From credit agreement review through covenant monitoring, August helps finance lawyers analyze facility documents, flag non-standard provisions, and track obligations across portfolios—so your team can focus on deal execution and client advisory work.

Credit and Security Document Review

Use Assistant for detailed analysis of credit and security documents.

  1. Upload term sheets, credit agreements, security documents, and intercreditor agreements.

  2. Ask August to flag non-standard covenant packages, financial ratio definitions, and events of default.

  3. Get structured outputs with issues, clause citations, and suggested language modifications.

Example prompt

Review the attached credit agreement and identify: (1) any non-standard covenant packages compared to market terms, (2) financial ratio definitions that deviate from typical formulations, (3) unusual events of default or triggers, and (4) suggested modifications for borrower-friendly treatment. Provide clause citations for each finding.

Portfolio and Covenant Monitoring

Use Tabular Review to extract and compare key terms across multiple facilities.

Structured Extraction Across Portfolios

  • Extract key covenant tests, reporting obligations, and notice requirements across many facilities.

  • Generate summary tables that can be shared with clients for compliance tracking.

  • Compare covenant packages, baskets, and carve-outs across a portfolio.

Example prompt

Run Tabular Review on all facility documents in the 'Credit Facilities' folder. For each facility, extract: (1) borrower name, (2) facility type, (3) committed amount, (4) key financial covenants with thresholds, (5) reporting obligations and frequency, (6) material events of default, and (7) governing law. Output as a table plus a summary highlighting any overlapping or inconsistent obligations.

Matter Intelligence for Cross-Facility Analysis

Leverage Matter Intelligence across a client's facility documents to identify overlapping or inconsistent obligations.

Example workflow

  1. Upload all facility documents for a client portfolio.

  2. Ask August to identify any overlapping obligations or inconsistent requirements.

  3. Generate a consolidated summary of compliance obligations.

  4. Flag potential conflicts or gaps for client discussion.

Integrations That Fit Your Practice

  • Microsoft Word: live drafting and redlining of credit documents without leaving Word

  • Outlook: summarize email threads and track deal correspondence

  • SEC EDGAR: research filing requirements and precedent structures

Enterprise-Grade Security for Deal Data

  • Single-tenant deployment: your environment stays separate

  • AES-256 encryption: data protected at rest and in transit

  • Ethical walls: matter-level access control

  • No training on your documents: your data is never used to train models

August maintains ISO 27001:2022 and SOC 2 Type II certification.

Next Steps

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