________ is one in which a group of banks provides funds to the borrower.

Question

Quizplus · Accepted Answer

A syndicated bank loan is one in which a group of banks join together to provide a loan to a borrower. This type of loan is often used for large, complex financing needs such as mergers and acquisitions, project financing, or leveraged buyouts. The banks in the syndicate share the risk and the profits of the loan, and typically have a lead arranger who organizes the loan and negotiates the terms with the borrower.

________ Is One in Which a Group of Banks Provides