Jurisdiction(s):
United Kingdom
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Key definition
Debenture definition

What does Debenture mean? In legal practice, a debenture is the instrument by which a company evidences debt and grants security for that borrowing. Statute defines the term broadly (Companies Act 2006, s.738; Companies Act 2014 (Ireland)) to include bonds and other debt securities whether or not secured, but market usage in the UK and Ireland usually means a secured facility document. A debenture often takes the form of an all‑assets (or “general”) debenture creating fixed charges over specified assets and a floating charge over the company’s undertaking, or a specific debenture over particular assets. It commonly includes covenants, events of default...

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All-Assets Multi-Chargor Debenture for Syndicated Facilities, with Fixed/Floating Security, Blocked Account, and Assignments of Specific Contracts and Insurance Policies (Security Agent/Trustee; England and Wales)

Precedents
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This Deed is executed on [ insert day and month ] 20[ insert year ]

Parties

  1. THE COMPANIES listed in Schedule 1 (each a chargor and, collectively, the Chargors); and
  2. [ insert name of Security Agent ] acting as security agent and trustee for the Finance Parties pursuant to the terms and conditions contained in the [ Facilities Agreement OR Intercreditor Agreement OR Security Trust Deed ] (the Security Agent).

Recitals

  1. The Finance Parties have agreed to make loan facilities available to the Principal Obligors (as defined below) on the terms and conditions set out in the Facilities Agreement.
  2. [ It is a condition precedent to the availability of the loan facilities that each Chargor enters into this Deed for the purpose of granting security in favour of the Security Agent in respect of the Secured Obligations (as defined below). OR The Chargors have agreed to grant security in favour of the Security Agent in respect of the Secured Obligations (as defined below). ]...
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Web page updated on 22/05/2026

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