Common Contracts
1 similar Syndicated Loan Agreement contracts
Syndicated loan agreement pdfSyndicated Loan Agreement • July 14th, 2020
The syndicated loan, also known as a syndicated bank fund, is a financing offered by a group of lenders called syndicate that work together to provide funds for one borrower. The borrower may be a corporation, a large project or a sovereign government. The loan may include a fixed amount of funds, a line of credit, or a combination of the two. Syndicated loans arise when a project requires too much credit for a single lender or when a project needs specialized lenders with experience in a particular asset class. Loan syndication allows lenders to spread risk and participate in financial opportunities that may be too large for their individual capital base. Interest rates on this type of loan can be fixed or floating, based on the base rate, such as the London Interbank Offered Rate (LIBOR). LIBOR is the average interest rate that the world's big banks borrow from each other. A syndicated loan, or syndicated bank fund, is a financing offered by a group of lenders called syndicates who w
