Finance Deals & Syndicated Lending · glossary
Lending to companies carrying heavy debt, often owned by private equity. It brings high margins and fees, security over almost everything, and often incurrence covenants only. Chapter 3
Explained in Chapter 3, Facilities and Their Flavours, of Finance Deals & Syndicated Lending.
Lenders set the price and the controls of a loan by the borrower's credit. At one end is investment-grade lending, to strong companies that are unlikely to default. At the other end is leveraged finance, which funds private-equity buyouts and other companies carrying heavy debt.Read Chapter 3, Facilities and Their Flavours →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Finance Deals & Syndicated Lending and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
Related terms
Where this term lives
This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Finance Deals & Syndicated Lending → · All terms A–Z →