If you're looking to borrow more than $75 million, it's likely you'll need a lead lender with the credentials to syndicate the loan. A syndicated loan is typically structured and priced by the lead arranger or agent, who then sells portions of the credit to other lenders or investor groups under terms negotiated by the agent. Today's more diverse investor base often requires that a loan be structured to meet the needs of the market.
Bank of America Merrill Lynch's Loan Syndications Team is dedicated solely to underwriting, arranging, distributing, and trading senior floating-rate debt to investment and non-investment grade issuers.
Syndicating asset-based deals requires a particular set of skills—collateral exams as well as machinery, equipment, and real estate appraisals. What's really critical in syndication is the reputation of the lead arranger and administrative agent. A combination of expertise in both asset valuation and syndication is why Bank of America Business Capital is one of the largest asset-based lenders in the country in deals over $100 million.
