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ASE gains $365 million syndicated loan

6/29/2009 03:00 PM EDT
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nortons
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re: ASE gains $365 million syndicated loan
nortons   2/20/2013 12:06:57 PM
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The main goal of syndicated lending is to spread the risk of a borrower default across multiple lenders (such as banks) or institutional investors like pensions funds and hedge funds. Because syndicated loans tend to be much larger than standard bank loans, the risk of even one borrower defaulting could cripple a single lender. Syndicated loans are also used in the leveraged buyout community to fund large corporate takeovers with primarily debt funding. For more details go to http://speedyloansearch.com/

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