syndicated bank facility


syndicated bank facility
= syndicated loan
A very large loan made to one borrower by a group of banks headed by one lead bank, which usually takes only a small percentage of the loan itself, syndicating the rest to other banks and financial institutions. The loans are usually made on a small margin. The borrower can reserve the right to know the names of all the members of the syndicate. If the borrower states which banks are to be included, it is known as a club deal. A syndicated bank facility is usually a revolving bank facility. There is only one loan agreement.

Accounting dictionary. 2014.

Look at other dictionaries:

  • syndicated bank facility — syndicated loan A very large loan made to one borrower by a group of banks headed by one lead manager, which usually takes only a small percentage of the loan itself, syndicating the rest to other banks and financial institutions. The loans are… …   Big dictionary of business and management

  • revolving bank facility — standby revolving credit A loan from a bank or group of banks to a company in which the company has flexibility with regard to the timing and the number of drawdowns and repayments; any loan repaid can be reborrowed subject to fulfilment of the… …   Accounting dictionary

  • revolving bank facility — standby revolving credit A loan from a bank or group of banks to a company in which the company has flexibility with regard to the timing and the number of drawdowns and repayments; any loan repaid can be reborrowed subject to fulfilment of the… …   Big dictionary of business and management

  • bilateral bank facility — A facility provided by a bank to a corporate customer. The agreement is restricted to the two parties, which enables a relationship to develop between the bank and the customer (see relationship banking). Compare: syndicated bank facility …   Accounting dictionary

  • bilateral bank facility — A facility provided by a bank to a corporate customer. The agreement is restricted to the two parties, which enables a relationship to develop between the bank and the customer (see relationship banking). Compare syndicated bank facility …   Big dictionary of business and management

  • syndicated loan — syndicated bank facility …   Accounting dictionary

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  • syndicated loan — A credit facility granted by more than one bank to a borrower or associated borrowers under the terms of one agreement. Syndication is the process by which one bank sells a portion of its debt to a syndicate of lenders, so reducing its own… …   Law dictionary