Club Deal

By September 20, 2021No Comments

A club deal is a loan provided by a group of banks on a non-syndicated basis, i.e. they are all fronting banks who each have a seat at the negotiating table and are each party to the financing documents.  There is no lead arranger as such, rather each lender gets a full cut, or nearly a full cut, of the fees. Thus in a club transaction there is not a wider general syndication with multiple tiers of participation.