Assessing Unitranche Financing In Europe And Germany

Law360, New York (July 31, 2015, 10:03 AM EDT) -- Dr. Jens Linde

Michael Schuhmacher In the last few years, unitranche financing has been heralded as the new “trend in European corporate financing” and as an “alternative to traditional bank financing.” Unitranche is not really a legal term, but a marketing term. It is an all-senior loan structure that combines senior and subordinated debt into one amount bearing a blended interest rate that would usually fall between the rates for the two types of debt. Unitranche debt is provided by one or more credit funds, on the basis of a single set of documents.

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