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A creative product
A Syndicated Loan ("SL") is an arrangement between two or more banks and a borrower to extend a loan to the latter on the basis of a joint loan agreement.
What are the typical applications for SL financing?
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Working capital credit (refinancing of small lines of credit, etc.)
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Export finance (including ECA's)
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Capital goods financing (machinery, etc.)
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Mergers & Acquisitions
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Project finance (SPVs, structured according to cash flow)
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Stand-by facilities
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Trade finance (Letters of credit, promissory notes, forfaiting)
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Guarantees (supply, service, etc.)
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