Arranger

1. Borrowing and lending - syndicated lending.

A bank that organises a lending syndicate.

Borrowers' rights to prepay

"Borrowers will note that there is no general right to prepay a defaulting lender...

However, some borrowers may want the flexibility to prepay rather than have the defaulting lender remain in the syndicate with voting rights which it may or may not exercise.

This is a point for borrowers to discuss with their arrangers."

The ACT Borrower’s Guide to the LMA’s Investment Grade Agreements - 6th edition - 2022 - p379.

2.

Any other intermediary that organises a financial transaction.

See also

• Arrangement fee
• Default
• Defaulting lender
• Documentation
• Event of default
• Finance party default
• Impaired agent
• Intermediary
• Investment Grade Agreements
• Lehman provisions
• Loan agreement
• Loan Market Association (LMA)
• Prepayment
• Self-coordinated deal
• Syndicate
• Transaction

Other resource

• The ACT Borrower’s Guide to the LMA’s Investment Grade Agreements - 2022 - p378-379