By Charlotte GAUCHON
23 March 2025
Large real estate, industrial or infrastructure projects require colossal financing. A single bank can rarely provide this on its own. This is where syndicated loans come in. Definition and types of syndicated loans Definition and legal framework A syndicated loan is a transaction in which several banks join forces to provide financing to a single borrower. This technique dates back to the 1930s in France but developed in the 1970s with the rise of Euro loans. The legal framework remains minimalist. To better understand the complexities of the legal classification of these transactions, please refer to our detailed analysis. The decree of 18 February 1987 simply defines «round tables» as «the meeting of various capital providers, without a public offering, for the purpose of distributing the capital contributed». CRBF Regulation No. 91-01 of 16 January 1991 specifies that a «consortium transaction» exists «when several regulated institutions decide to join forces to...
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