Bookrunner
The bookrunner controls the syndication process for best-efforts and underwritten loans. They are likely to agree a list of proposed lenders with the borrower before sending initial invitations and then sell the loan to potential members of the syndicate by contacting lenders …
Bilateral loan
A loan facility entered into by a single lender and borrower, usually used for small term loans and usually held by that lender until maturity. …
Balloon Repayment
Where the principal is repaid in instalments, with the final being the biggest. …