a loan that is granted to companies that wish to borrow more money than any single lender is prepared to risk in a single loan, usually many millions of dollars
a loan that is provided to the Borrower by two or more banks known as Partici
A loan issued by a group of lenders, usually banks or financial institutions.
A loan which several banks have clubbed together to make.
is an asset based loan whereby the borrower requires a large loan amount, which may exceed amount or risk exposure by any one bank/lender, and underwritten with a single loan agreement managed by one lender/agent but participated by many lenders.
A loan given by two or more financial institutions (the syndicate) to a company, consortium of companies, government or supranational authority. Syndicated loans have common documentation.
A syndicated loan (or "syndicated bank facility") is a large loan in which a group of banks work together to provide funds for a borrower. There is usually one lead bank (the "Arranger" or "Agent") that takes a percentage of the loan and syndicates the rest to other banks. A syndicated loan is the opposite of a bilateral loan, which only involves one borrower and one lender (often a bank or financial institution.)