1st, learn the fundamentals: http://blog.360.yahoo.com/blog-8lJSIvkieqiILhKXm0cJrD8-?cq=1&p=92
http://www.wcsr.com/downloads/pdfs/cm120205.pdf
A relatively small number of money-center banks dominate the lead bank position (in the Primary Syndicated Loan Market). For example, in 2004, JP Morgan, Bank of America, Citigroup and Wachovia together were the lead arrangers by dollar volume of over 70 percent of the total U.S. syndicated loan market.12 However, many other banks, including regional banks, not only participate as members in syndicates but also act as the lead bank in arranging syndicated loan transactions.
As part of obtaining the mandate, the lead bank and the borrower will agree on the basic outline of the credit, including the interest rate, the size of the loan (which may be a range), significant loan covenants and fees. The fees payable to the lead bank may include a structuring and arrangement fee, an annual administrative fee and a percentage up-front fee that the lead bank may then share as needed to secure the commitments of other lenders and induce them to join as lenders under the syndicated facility.
