Loan syndication

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Loan syndication

Group of banks sharing a loan. See: Syndicate.

Loan Syndication

A practice in which several banks each lend an amount of money to a borrower at the same time and for the same purpose. The banks participating in the loan syndication cooperate with each other for the duration of the project, even if they are otherwise competitors. Bank syndicates usually only lend large amounts of money that the individual banks could not afford easily. Loan syndication is a temporary arrangement between the banks. See also: Syndicate.
References in periodicals archive ?
He was the team leader of the Central Region Middle Market Debt Capital Markets team in Chicago, supporting various regional commercial banking offices in originating loan syndications and high-yield debt transactions.
He has served as the team leader of the Central Region Middle Market Debt Capital Markets team in Chicago, supporting various regional commercial banking offices in originating loan syndications and high-yield debt transactions.
Wells Fargo Securities, the investment banking and capital markets business of Wells Fargo & Company, announced today that Jim Jeffries and Gary Wolfe have been appointed co-heads of the Loan Syndications and High Yield Debt Capital Markets group, effective October 1st.
Bricker's practice extends to transactions involving loan syndications and participations, as well as to the origination of first mortgage loans for securitization.
The smallest participants in loan syndications -- including Japanese financial institutions and regional banks -- are no longer interested in participating for a paltry share of commitment fees.
Among the transactions the ED covers are securitizations, sales of partial interests, repurchase agreements, securities lending, loan syndications and participations, sales of receivables with recourse and servicing of mortgages and other loans.
Accordingly, the financial innovations of recent years have facilitated investment banks' development of commercial banking expertise through money market and other mutual funds, bridge loans, and loan syndications.
9 billion-asset Chemical now comfortably dominates the market for global loan syndications.
NEW YORK -- Credit Agricole Corporate and Investment Bank, Credit Agricole Group's corporate and investment banking arm, today announced the appointments of Jean-Michel Fatovic and Federico Fiorentini as Directors in the Loan Syndications Group in New York City.
The firm has hired Katherine Lau as a Hong Kong-based director for loan syndications.
6 /PRNewswire-FirstCall/ -- The PrivateBank-Chicago today announced that Bernie Lacayo is named Managing Director and Head of Loan Syndications, responsible for arranging syndicated loan transactions for its middle-market commercial clients.
loan transactions for both portfolios and securitizations, including permanent, interim and construction loan financing, loan syndications and participations, co-lending arrangements, mezzanine finance, and mortgage loan foreclosures and workouts.