Examples of Syndicated Facility in a sentence
Effective August 5, 2021, the Participating Funds entered into a Syndicated Facility with various lenders for $1.275 billion whereas SSB participates as a lender and as agent for the lenders.
The Syndicated Facility Agreement is with prime financial institutions.
As of the Petition Date, the aggregate Claims arising under the Syndicated Facility (the “Syndicated Facility Claims”) were approximately $1.102 billion.
The obligations under the Syndicated Facility matured on March 28, 2012 and are guaranteed by AIHL.
Accordingly, management engaged in discussions with significant holders of the Syndicated Facility, some of whom formed a steering committee (the “Steering Committee”) to coordinate discussions and negotiations related to the Syndicated Facility.