Practical Law Glossary Item 5-382-3281 (Approx. 2 pages)
Glossary
Bookrunner
The financial institution which takes overall control of structuring, pricing and inviting other lenders into a loan syndication. Typically, in a syndicated loan facility, the initial lenders of the loan also have the title of joint lead arranger and joint bookrunner. The titles and roles for these parties are specified in the commitment letter entered into with the borrower.