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The other syndicate members, ranked by underwriting size, were listed to the right. The leveraged loan market adopted the terminology; the ?lead left? is the bank responsible for the underwriting and syndication of a senior credit facility.
Left Lead Arranger means BofA Securities (or any other registered broker-dealer wholly-owned by Bank of America Corporation to which all or substantially all of Bank of America Corporation's or any of its subsidiaries' investment banking, commercial lending services or related businesses may be transferred following ...
The leveraged loan market adopted the terminology; the ?lead left? is the bank responsible for the underwriting and syndication of a senior credit facility. Hence, the term denotes a position of authority and responsibility.
Typically, the lead bookrunner or arranger assigns the duties of a joint bookrunner. The lead bookrunner is also responsible for ensuring that joint bookrunners meet all their expectations.
A ?lead left? bookrunner is a single bookrunner appointed to run the whole general syndication phase. Mandated lead arranger (MLA): MLAs are banks mandated by the borrower to provide the primary arrangement and initial underwriting or provision of funds for the loan.