Syndicated Lending: When One Bank Just Isn’t Enough

You know the saying, “If you want something done properly, do it yourself”? Well, syndicated lending is the exception that proves the rule. When borrowers need hundreds of millions (or billions) of pounds, they don’t go knocking on one bank’s door – they throw a party and invite the whole neighbourhood. In this article, we break down how large loans are stitched together by a syndicate of banks, who does what, what paperwork is involved, and why it all works (mostly) rather well.