The loan agreement lists the terms under which a loan is given. The bank is the lender, and any borrowing entity--individual, partnership, company--is the borrower. The loan agreement covers many of the same terms and conditions as a promissory note, although it is longer and more complicated.
The subsidiaries remain private. They are private subsidiaries of a public company. Think about it: if a subsidiary went public, that would mean that its shares were being offered to the public, instead of all being owned by the parent company, and so it would no longer be a subsidiary.
A subsidiary is a business that is wholly or partially owned by another business, sometimes called the parent company or holding company.The parent company owns sufficient voting stock in the subsidiary -- as a rule, at least 50% -- to give it control over the subsidiary's operations and management.In a wholly-owned subsidiary, the parent company owns 100% of the stock.A parent company with subsidiaries is one type of conglomerate, which is a company that comprises multiple different businesses.This was last updated in March 2013.he parent company owns sufficient voting stock in the subsidiary -- as a rule, at least 50% -- to give it control over the subsidiary's operations and management. In a wholly-owned subsidiary, the parent company owns 100% of the stock.