loan participation

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  • noun

Synonyms for loan participation

a loan that is shared by a group of banks that join to make a loan too big for any one of them alone

References in periodicals archive ?
Fitch has affirmed the rating of the loan participation notes issued by CTCL at 'BB+', maintaining a four notch difference with the IDR of BC's parent, BBVA.
In addition, the bank posted a $2.4 million non-interest expense to establish a reserve for existing off-balance sheet commitments related to the loan participation.
High dollar projects and banks' house limits are major drivers of commercial loan participations. This article addresses why and how banks join together to make a single commercial loan.
subordinated debt ratings to the $1.5 billion loan participation notes
VimpelCom Holdings B.V., a wholly owned subsidiary of VEON Ltd., has commenced a cash tender offer for any and all of the outstanding (i) USD 1,000,000,000 9.125% Loan Participation notes due 2018 issued by, but with limited recourse to, VIP Finance Ireland Limited, (ii) USD 1,000,000,000 7.748% Loan Participation notes due 2021 issued by, but with limited recourse to, VIP Finance Ireland Limited and (iii) USD 1,500,000,000 7.5043% Guaranteed notes due 2022 issued by VimpelCom Holdings B.V., the company said.
A IDEA (the Alaska Industrial Development and Export Authority) Board approved a loan participation for an Anchorage project and a resolution for issuing tax-exempt bonds for a project in Fairbanks.
From October 2009 to October 2011, Newcomb negotiated and entered into loan participation agreements with the $18.7 million Northern Piedmont FCU in Warrenton, Va.
She represents commercial banks, REITs, insurance companies and private equity investors in commercial real estate financing transactions and investments, including balance sheet financings; permanent and bridge loan originations; mezzanine financing and other subordinate financings; construction loans; loan participation, syndications and other co-lender arrangements; and work-outs and restructurings.
Last month the bank had placed USD1bn of loan participation notes maturing in 2017.
The bank was the successful bidder on the loan participation that closed on May 4, 2010.
If they wish to pursue an opportunity further, they can retrieve complete information from TMAC personnel, who will provide assistance in developing a co-lending loan participation agreement between the two institutions.
The Alaska Industrial Development and Export Authority (A1DEA) Board approved a loan participation for a new retail project in Anchorage to Westdahl LLC, for $6,297,750, 90 percent of a $6,997,500 loan brought to AIDEA by Northrim Bank, which originated the loan and is participating with $699,750.