A Bilateral Bank Facility is a loan arrangement made between a single bank and a corporate customer, facilitating a direct relationship between the lender and the borrower. This kind of facility contrasts with a syndicated bank facility, which involves multiple lenders.
A lead manager is a bank or other financial institution tasked with underwriting a new issue of bonds or heading a syndicated bank facility. This institution is often chosen due to a close relationship with the borrower or a successful track record in competitive bought deal contests.
The establishment of a long-term relationship between a bank and its corporate customers. The main advantage is that it enables the bank to develop in-depth knowledge of a company's business, which improves its ability to make informed decisions regarding loans to the company. The company expects to benefit by increased support during difficult times.
A syndicated bank facility, also known as a syndicated loan, is a very large loan provided to a single borrower by a consortium of banks and financial institutions, typically led by a lead bank.
