Posts Tagged ‘syndicated loans’
To Be or Not to Be? Second Circuit Affirms Notes Issued in Syndicated Loans are Not Securities
By: Elizabeth Sloop When a borrower requires a loan too large for a single lender’s capital base, a group of lenders, or syndicate, may step in to provide funds.[1] By participating in syndicated lending, the lenders, typically banks and non-bank financial institutions,[2] are able to distribute the risk of default among themselves.[3] Because of the…
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