What is the concept of an attach/detach point in project finance? Particularly related to a unitranche financing.
Hi all, I need a primer on unitranche financing, including about the idea of an attach/detach point and how that works. I've googled it and the top results relate to CDOs, and I frankly just need it spelled out to me a little bit more clearly on what a unitranche is in project finance (vs. maybe a 1L/2L structure) and how the concept of attach/detach points apply. Many thanks.
Hey gdj2000, what a lonely thread. I'm here since nobody responded ...so maybe one of these discussions will help:
More suggestions...
Fingers crossed that one of those helps you.
Attach- detach refer to where the LTV slice is in the capital structure. Unitranche has a blended rate and may have first out-last out with lenders governed by AAL whereas typical 1L/2L has an intercreditor agreement to deal with subordination.
Repellendus facilis et eum eius reiciendis aliquam sapiente. Facilis quis et nobis eius harum commodi. Quia at et incidunt dolorem ab fugit eius. Explicabo corrupti quo qui. Eveniet voluptates aut velit non voluptatem voluptatem laudantium.
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...