Syndicated Loan

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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.

syndicated loan

a LOAN which is provided by a number of financial institutions on a collective basis, each subscribing a specified amount of money. Syndicated loans are usually put together by a ‘lead’ organization, for example, a commercial bank.
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Roseland and its partner XSS Hotels secured approximately $94 million in financing for a syndicated construction loan led by Fifth Third Bank, with additional syndicated lending institutions including Santandar and Investors Savings Bank.
Margot has more than 36 years of experience and is among an elite group of practitioners specializing in representing leading institutional creditors, agents to syndicated lending groups, and large lender groups in major debt restructurings, complex loan workouts, asset sale transactions and insolvency matters.
ARP") (NYSE: ARP) announces that its syndicated lending group has reaffirmed the borrowing base of $750 million on ARP's senior secured revolving credit facility.
The firm said that the crypto currency could be used for international money transfers, trade finance, syndicated lending and collateral management.
Syndicated lending fees In respect to investment banking, syndicated lending fees saw the most growth from last year, increasing 91 per cent to $52.
4mn, while syndicated lending fees fell 49% to $16.
Middle East syndicated lending has bounced back from three-year hibernation as companies seek to take advantage of the current benign environment.
7 million), while fees from syndicated lending reached $127.
Deutsche Bank took first place in the Middle Eastern DCM fee ranking with a 14% cut, while Mitsubishi UFJ Financial Group topped the syndicated lending fee ranking during the first half.
Standard Chartered and National Commercial Bank topped the debt capital markets and syndicated lending fee league tables, respectively.
4, 2012 (CENS) -- Bank of Taiwan (BOT) outpaced Mega International Commercial Bank to lead syndicated lending among domestic banks as both leading underwriter and manager in the third quarter, with the value of the former being US$3.
Middle Eastern syndicated lending during the first half was $186.