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What does general syndication mean?

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general syndication
Noun


The “retail” or sell-down phase that follows the initial underwriting or the “wholesale” sub-underwriting phase in the syndication of financing, in which the underwriters actively search for participant lenders to reduce their exposure to their “sell down target” (final hold amount).

Synonym(s): 
  • junior syndication; secondary syndication; subsequent syndication.
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