Statement-I is correct. Syndicated lending involves a group of banks or financial institutions pooling resources to provide a large loan to a single borrower. This arrangement spreads the risk of the borrower defaulting across multiple lenders, reducing the exposure for any individual participant. Statement-II is incorrect. Syndicated loans can be structured in various forms. While term loans (fixed amount/lump sum) are common, syndicated facilities can also be structured as revolving credit facilities, which function like a credit line allowing the borrower to draw, repay, and redraw funds up to a specified limit over a period. Therefore, a syndicated loan can be a credit line.