Unitranche Financings: Key Risks and Considerations

Read this practice note by Michelle L. Iodice, Proskauer Rose LLP, outlining the evolution of the private credit and unitranche markets. This note provides a comprehensive overview of the unitranche financing structure and recent market trends. It includes an in-depth review of the key component parts of the agreement among lenders as well as a description of key bankruptcy-related risks and unique considerations present in the unitranche structure.

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Related Content

• Unitranche Facilities
  Read discussion of unitranche facilities, which combines what would otherwise be separate first and second lien facilities into a single secured loan facility provided by the same group of lenders and documented through a single credit agreement with one set of collateral documents.

• Unitranche Facilities vs. First Lien / Second Lien Facilities
  Review this chart to understand the differences between unitranche facilities and traditional first lien / second lien facilities.

• Intercreditor Agreements Resource Kit
  Check out this resource kit for an overview of intercreditor agreements with links to related content.

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