Syndicate

1. Noun.

A group of lenders - often banks - acting collectively. For example to provide a larger total facility to a borrower, than any of the lenders has the capacity (or appetite) to provide individually.

2. Verb.

To increase the number of lenders providing a facility from an initially small group, or a single lender, to become a larger syndicate of lenders.

See also

• Syndicated loan