Hybrid loan structure that combines Senior and Subordinated Debt into one loan tranche, allowing the borrower to raise a higher debt amount while having shorter decision paths (i.e. one tranche usually provided by one single lender).
The glossary is provided to you solely for your information. Comments or statements made by Leverest, expressed or implied, do not constitute a guarantee of any kind. No reader may rely upon Leverest with respect to the accuracy or completeness of the glossary information.