Syndicate: Difference between revisions
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Revision as of 12:08, 13 May 2016
1.
Noun.
A group of lenders - often banks - acting collectively. For example to provide a larger total facility to a borrower, than any of the lenders has the capacity (or appetite) to provide individually.
2.
Verb.
To increase the number of lenders providing a facility from an initially small group, or a single lender, to become a larger syndicate of lenders.
