easy · Debt Capital Markets primary-issuance-syndication
Which party in a syndicated loan typically provides the 'swingline' funding directly to the borrower?
- The bondholders of the issuer's senior notes.
- The Swingline Lender (usually the Administrative Agent or a lead bank).
- The private equity sponsor's own cash reserves.
- Every bank in the syndicate in their pro-rata share.
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