Glossary Category: U

Traditionally, a unitranche was a debt facility which combined Senior Debt and Subordinated Debt into one instrument and offered the borrower a blended interest rate

Financing provided by one or multiple financing parties (usually banks) acting as underwriters, who will look to distribute all or a part of this financing

Fee payable to the underwriters of a debt financing in exchange for their commitments See also: Underwritten Financing