Finance Deals & Syndicated Lending · glossary
The bank that runs the loan for the lenders after signing. Every payment and notice passes through it, and it counts the lenders' votes. Its duties are mechanical: it judges nothing and owes no fiduciary duties. Clause 22.1 · Chapter 2 · Chapter 11
Explained in Chapter 2, Who's Who in a Syndicated Loan, of Finance Deals & Syndicated Lending.
Two roles hold the group together. The arranger agrees the terms with the borrower and gathers the lenders. The agent runs the loan after signing, passing money and notices between the borrower and the banks, so Atlas deals with one bank instead of three. On Sunrise, Pellhaven is both arranger and agent.Read Chapter 1, What Debt Finance Is →
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