Syndicated Lending, Third Edition

This best-selling book has been fully updated and revised to take account of all the changes in the rapidly evolving market for syndicated credits. The book provides practical explanations by borrowers and bankers of how to arrange, lead and manage a syndicated loan and includes an up-to-date discussion of documentary issues (contributed by Clifford Chance). Again edited by Tony Rhodes and written by him in association with several other leading practitioners, this book allows you to benefit from several decades of combined syndicated lending expertise. The book takes the reader through the various stages of syndicated lending from the opening phase of seeking a mandate through to syndicating, documenting and the closing of a transaction. The seven detailed chapters discuss: revolving credit facilities and amortising term loans; an assessment of the factors to be considered when deciding to bid alone or in a group; documenting a syndicated loan; secondary market transfer mechanisms; steps for restructuring transactions involving syndicates; and a view of the future of the syndication market. The book also includes a comprehensive glossary and regulatory guidance making it the essential companion for any syndicated lending practitioner.