Broadly Syndicated Loans definition

Broadly Syndicated Loans syndicated loans that are not primarily underwritten or co-underwritten by the Administrative Agent’s middle market group and are not substantially similar to those primarily underwritten or co-underwritten by the Administrative Agent’s middle market group.
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Broadly Syndicated Loans means any loan that is not a Middle Market Loan.
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Broadly Syndicated Loans means any Loan to an Obligor issued as part of a loan facility with an original loan size (including any first and second lien loans included in the facility) greater than $250,000,000.
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Examples of Broadly Syndicated Loans in a sentence

  • Golub Capital has three highly complementary business lines led by experienced teams of credit professionals: Middle Market Lending, Late Stage Lending and Broadly Syndicated Loans.

  • Golub Capital has three highly complementary business lines: Middle Market Lending, Broadly Syndicated Loans and Opportunistic Credit.

  • The focus should instead be at us all being world citizens, a world where differences exists and must be respected.

  • Middle Market Loans defined as loans of $200 million or less, based on S&P LSTA Leveraged Loan Index; Broadly Syndicated Loans defined as loans greater than $200 million, based on S&P LSTA Leveraged Loan Index; Average default, loss, and recovery rates are based on trailing 12-month time frames.

  • Previously, the Holdings Credit Facility bore interest at a rate of LIBOR plus 2.00% per annum for Broadly Syndicated Loans (as defined in the Loan and Security Agreement) and LIBOR plus 2.75% per annum for all other investments.

  • The first five Eligible Collateral Obligations acquired by the Borrower shall be any of First Lien Broadly Syndicated Loans, Traditional Middle Market Loans, Unitranche A Loans and/or FILO A Loans.

  • The First Amendment modifies the applicable spread used to determine the per annum interest rate payable under the Holdings Credit Facility by reducing such applicable spread for the pro rata portion of the facility secured by assets that are not First Lien Loans that are also Broadly Syndicated Loans (as each such term is defined under the Holdings Credit Facility) from 2.50% to 2.25%.

  • Effective January 1, 2016, the Holdings Credit Facility bears interest at a rate of LIBOR plus 1.75% per annum for Broadly Syndicated Loans (as defined in the Loan and Security Agreement) and LIBOR plus 2.50% per annum for all other investments.

  • The applicable spread for the pro rata portion of the facility secured by First Lien Loans that are also Broadly Syndicated Loans remains 1.75%.

  • The first five Eligible Collateral Obligations acquired by the Borrower shall be any of Broadly Syndicated Loans, Middle Market Loans and/or Unitranche Loans.


More Definitions of Broadly Syndicated Loans

Broadly Syndicated Loans syndicated loans that are not primarily underwritten or co-underwritten by Owl Rock’s investment adviser or an Affiliate thereof.
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Broadly Syndicated Loans means each of the Loan Assets with a “Loan Asset Type” classifying it as such on Schedule II (as determined by the Initial Lender and the Majority Lenders (acting in its sole and absolute discretion) as of the Cut-Off Date).
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Broadly Syndicated Loans syndicated loans that are not primarily underwritten or co-underwritten by GSBDC’s investment adviser or an Affiliate thereof.
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Related to Broadly Syndicated Loans

  • Broadly Syndicated Loan means a Collateral Loan that (a) is a syndicated commercial loan, (b) has an Initial Tranche Size of $250,000,000 or greater (without consideration of reductions thereon from scheduled amortization payments), and (c) is rated (or will be rated) by S&P or Moody’s (or the related Obligor for such Collateral Loan is rated by S&P or Moody’s).

  • Syndicated Loans means Base Rate Loans or Euro-Dollar Loans made pursuant to the terms and conditions set forth in Section 2.01.

  • Syndicated Loan means a Loan made by a Lender pursuant to Section 2.01(a); provided that, if any such loan or loans (or portions thereof) are combined or subdivided pursuant to a Notice of Interest Rate Election, the term “Syndicated Loan” shall refer to the combined principal amount resulting from such combination or to each of the separate principal amounts resulting from such subdivision, as the case may be.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Permitted Loans means:

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Revolving Loan Maturity Date means March 31, 2003.

  • Related Loans has the meaning set forth in Section 3.1. “Restructuring Loss” means the loss on a modified or restructured loan measured by the difference between (a) the principal, Accrued Interest, tax and insurance advances, third party or other fees due on a loan prior to the modification or restructuring, and

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Revolving Loans has the meaning set forth in Section 2.1(a).

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Swing Loan Maturity Date means, with respect to any Swing Loan, the earlier of (a) thirty (30) days after the date such Swing Loan is made, or (b) the last day of the Commitment Period.

  • First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

  • Domestic Loans means CD Loans or Base Rate Loans or both.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Borrowings means, at any time, the outstanding principal, capital or nominal amount and any fixed or minimum premium payable on prepayment or redemption of any indebtedness for or in respect of:

  • Swingline Maturity Date means, with respect to any Swingline Loan, the date that is five Business Days prior to the Revolving Credit Maturity Date.

  • Latest Term Loan Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Term Loan hereunder at such time, including the latest maturity or expiration date of any New Term Loan or any Extended Term Loan, in each case as extended in accordance with this Agreement from time to time.

  • Tranche A Term Loan Maturity Date means October 20, 2015.

  • Tranche B Term Loan Maturity Date means April 9, 2020 (or if such date is not a Business Day, the immediately preceding Business Day) or such earlier date as may result from the operation of Section 2.08(b), if applicable.

  • New Term Loan Maturity Date means the date on which a New Term Loan matures.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.