Glossary Category: T

A fee (expressed in percentage terms) paid on the available but undrawn portion of a committed (or underwritten) facility, to compensate the underwriter for commitments

Institutional loan tranche with minimal amortization (generally 1% per annum, or no amortization in the European Leveraged Loan market) and longer maturity than a TLA.Also

Typically a term loan provided by banks, which includes an amortization schedule.

In debt financing, both “term sheet” and “term grid” are important tools used to outline the terms and conditions of a financial transaction. However, they

A Term Grid is a tool used in debt financing transactions to outline and negotiate the terms and conditions of a proposed loan or credit