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Syndicated Loan |
Also found in: Wikipedia | 0.01 sec. |
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Syndicated Loan A large Eurocurrency loan from a group of international banks. Syndicated Loan A loan made by many lenders to a single borrower. Syndicated loans are made in large amounts that would be too big for one lender to handle. In many ways, a syndicated loan operates like an ordinary loan; there is an interest rate (fixed or floating) and a time until repayment is due. It may be a direct loan or a revolving line of credit or a combination of the two. However, syndicated loans are usually made on a best effort basis, meaning that if the lenders are unable to find enough capital or additional lenders to cover the amount requested, the amount borrowed will be less than anticipated. They are common in leveraged buyouts. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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