The Latest Innovation In Middle-Market Lending

Law360, New York (March 15, 2012, 1:17 PM EDT) -- “Unitranche loans” are the latest innovation in middle-market lending. This article describes the evolution of the unitranche structure and some of the key economic and legal features of these facilities.

The Commercial Bank Loan Middle Market

A “middle market” loan facility ranges from $50 million to $500 million and is made to borrowers with pre-tax earnings of $15 million to $100 million. Most middle-market facilities are “club” deals originated by three to five lenders. Once a smaller market dominated by asset-based revolving lenders, middle-market origination has...
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UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.