Finance Deals & Syndicated Lending · glossary
A loan shared by a few of the borrower's own banks, each committing its own share from the start. A club keeps a deal quiet while it is negotiated. Sunrise is a club of three banks, with the same agreement and machinery as a large syndicate. Chapter 3
Explained in Chapter 3, Facilities and Their Flavours, of Finance Deals & Syndicated Lending.
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