Now, of numerous higher syndicated fund is actually “noteless,” that have a good promissory mention becoming issued only if a loan provider demands you to definitely

Now, of numerous higher syndicated fund is actually “noteless,” that have a good promissory mention becoming issued only if a loan provider demands you to definitely Usually, lenders utilized promissory cards so you’re able to proof (we.age., to lawfully document) their financing and you can borrowers’ obligations to settle him or her. But not, into [...]