24 Jun 2025
Understanding Your Financing Options: Syndicated Lending vs. Private Credit
Ever wondered what the real difference is between syndicated lending and private credit? This quick guide breaks it down for you. Syndicated loans usually involve a group of lenders working together through public markets, while private credit is more of a one-on-one (or small group) setup with nonbank lenders. We’ll walk you through how these financing options stack up—from how deals are structured to the terms you’ll see and the types of fees you might run into.
Related Content
- Private Credit Loan Transactions
Read this practice note providing guidance for borrowers and private equity sponsors entering into private credit loans with nonbank lenders in the middle to lower-middle market space. This practice note discusses the background and benefits of private credit transactions as compared to public credit, as well as best practices for approaching the private credit market, key negotiation points, and recent market trends.
- Market Trends 2024: Private Credit and Unitranche Financings
Review this practice note outlining the evolution of private credit and unitranche markets. It includes an in-depth review of the key component parts of the agreement among lenders utilized in a bifurcated unitranche deal and describes key bankruptcy-related risks and unique considerations present in the unitranche structure.
- Syndicated Loan Fundamentals
Check out this practice notice providing an overview of the syndicated loan transaction, including its basic structure, common terms and provisions of the loan documentation, benefits and risks faced by syndicated lenders, and the fees generally incurred by borrowers in these transactions.
Practical Guidance Updates
Featuring the latest updates from your Practical Guidance account.
- Market Standards—Finance
- Market Trends 2024/25: Anti-hoarding Provisions
- Advance and Discount Factoring Agreements
- Collection Factoring Agreements
- Maturity Factoring Agreements
- Signature and Execution Requirements Resource Kit (Finance)
- What’s New in Practical Guidance
Discover the newest Practical Guidance content and resources in this update. This guide is designed to help you find the tools and insights you need to work more efficiently and effectively. - Trump Transition Coverage in Practical Guidance
The Trump Transition Resource Kit is a consolidated listing of guidance related to new actions and orders, and the Presidential Executive Actions Tracker is a frequently updated listing and description of many of the recently implemented presidential orders and rescissions of previous administration orders. - New! Practical Guidance Journal, 2025 Second Edition features guidance for regulating AI in the workplace in 2025, Intellectual Property issues related to deepfakes, the emergence of AI in mergers and acquisitions, and a checklist to help when evaluating AI technology risks.
- Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: NFTs, Cannabis, COVID, and more.
- Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content.
- Browse the Practical Guidance Author Center to see the 2600+ leading attorney authors contributing to our 26 practice areas. Interested in becoming a Practical Guidance author? Click here for details. Practical Guidance is committed to amplifying diverse voices of attorneys across all differences, including gender and race.
- Artificial Intelligence (AI) Provisions in Credit Agreements Tracker identifies provisions included in select publicly filed credit agreements addressing artificial intelligence (AI) since 2022.
- Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts.
PRACTICAL GUIDANCE CUSTOMER EMAIL EDITION ON THE WEB
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.
Experience Lexis+