lead lender

lead lender

Most often,a lender who originates a loan and then sells part of the loan to another financial institution—called the participant—but remains in control of the relationship with the borrower.Sometimes,the originating lender will also sell the “lead position”and will simply retain a passive,participation interest in the loan.

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The Company, under guidance of the board has reached out to our lead lender, State Bank of India yet again and stressed on the need for urgent funding requirements, critical to the continuation of the operations of our airline." We have highlighted the specific areas that will be immediately impacted, should the funding not be forthcoming, Dube said.
Cash-strapped Jet Airways and its lead lender SBI are frantically piecing together a restructuring, resolution and revival plan, but the airline's 25 other lenders are still awaiting details.
State Bank of India (SBI) said this after reports suggested that the bank, which was the lead lender to Kingfisher Airlines, was in February 2016 advised to move the Supreme Court to stop Mallya from fleeing the nation but the lenders moved the apex court only after the tycoon had left the country four days later.
REC is acting as the lead lender for two units, and SBI is the lead lender for the remaining two.
23 effective date, the company evaluated all lead lender concentration limits.
THE State Bank of India, the lead lender in the Kingfisher Airlines ( KFA) saga, is moving aggressively to monetise the company's shares and other physical assets.
We're also told that Metropolitan was the lead lender on the Texas deals, which included participation by other Arkansas lenders.
THE European Central Bank and lead lender Germany moved swiftly to shoot down a claim by Greece's finance minister that the country had been granted an extension to meet the terms of its bail-out programme.
29 July 2010 - US-based Oxford Finance Corp, part of Japan's Sumitomo Corp (TYO:8053), said yesterday it was the lead lender for a USD30m (EUR23m) credit facility to US biopharmaceutical firm Cadence Pharmaceuticals (NASDAQ:CADX).
28 July 2010 - Oxford Finance Corporation, a subsidiary of Sumitomo Corporation (TYO: 8053), said today that it was the lead lender for a USD30m (EUR23.1m) credit facility provided to Cadence Pharmaceuticals (NASDAQ: CADX).
PNC Bank served as the lead lender in the transaction.
Prudential Capital Group, an investment management business of Prudential Financial, is the lead lender in a $245 million investment in Murray Energy Corp., in Cleveland, Ohio.