Syndicated Lending

<p>This fully revised updated and expanded edition of the industry standard text takes the reader through the complete life cycle of a syndicated loan. Beginning with the opening phase of mandating a lead bank Syndicated Lending delves through negotiation documentation syndication and closing transactions to conclude with the secondary market.<br /><br />This seventh edition includes new supplements dealing with:<br />• regional syndicated loan markets<br />• growing regulatory framework<br />• the influence of Brexit on the market<br />• the challenges thrown up by the transition from LIBOR-based pricing to the proposed risk-free rate environment.<br /><br />The practice of syndicated lending is similarly explored in its historical context by following the ups and downs of this most flexible and enduring financial market. Plus while the market moves toward digitisation summaries are provided for the leading technology solutions being developed.<br /><br />With practical explanations reflecting practices developed by the LMA from borrowers bankers and investors this book offers insight from industry professionals with decades of experience as well as detailed examples of pricing methodology. There is also an up-to-date discussion of documentary issues including annotated term sheets and loan documents contributed by Clifford Chance.<br /><br />This is the essential guide to the commercial and documentary aspects of syndicated lending for lenders borrowers investors lawyers regulators and service providers.</p>