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Unitranche Credit Facilities: Advantages, Disadvantages, and Recent Developments

Unitranche credit facilities have become prevalent in the middle market over the past several years. Their prevalence is a result of the many benefits that the unitranche structure provides to lenders, borrowers, and private equity groups: speed and certainty of execution, a single set of financial covenants and loan documents, a blended interest rate, lower cost of capital, and minimal syndication risk.

In this article that originally appeared in The Secured Lender, Jennifer Hildebrant and Jennifer Yount discuss the advantages, disadvantages, and recent developments in unitranche credit facilities.


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