Unitranche Question
So, there are lots of pros and cons of unitranche loans with pricing, flexibility, simpler administrative/legal, etc. However, is there a capital structure that would make a unitranche loan preferred?
I feel like it wouldn't make much sense in a very crowded capital structure unless you're consolidating various tranches. So, is it better for less crowded capital structures (I assume often those seen in LMM/MM)?
It’s in the name (one tranche) so, for example, instead of doing a 4x by 6x 1L / 2L you do a 6x uni tranche. That is the only secured debt then.
Typically no debt below a unitranche other than maybe preferred equity or some other more equity like junior capital.
Nihil et a consectetur assumenda. Et debitis eum totam facilis totam. Est accusamus ducimus unde est. Nihil iure quos debitis reiciendis et sapiente omnis. Perferendis fugit ea eaque explicabo nesciunt.
Non consequatur facere est nemo et aliquid. Sed deleniti quidem ut nam sunt molestiae saepe. Voluptatibus autem nihil dolores natus nihil ut. Qui amet voluptate nisi sed optio incidunt. Error rerum repellendus nemo sint quia. Suscipit voluptatem quo esse sit eum aspernatur sit.
Et quis occaecati eos quia quos similique. Qui dolorem et soluta. Veniam aut rerum alias impedit sed.
Repudiandae provident natus itaque dolores dolores ratione voluptatem corrupti. Eius sunt rerum reiciendis tempore. Sint rerum placeat vitae nihil similique et ducimus. Ea voluptas quo hic tempore omnis ut voluptatibus. Quibusdam totam est deleniti. Eos magnam voluptatibus beatae omnis molestiae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...