"Syndicated Loan" as loans extended by multiple banks where the overall credit
involved exceeds an individual lender‚Äôs legal lending or other limits. It is made available by a
group of FIs in pre-defined proportions under the same credit facility following common loan
documentation formalities. It is different from co- or, club financing (where many banks finance a
single borrower) in terms of deal origination, mechanism, documentation, disbursement,
monitoring, management, etc.