https://leverest.net Superior financing solutions Wed, 27 Apr 2022 14:58:46 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://leverest.net/glossary/uncommitted-facility/ Fri, 25 Mar 2022 14:00:06 +0000 https://leverest.net/?post_type=glossary&p=7554 Loan facility which may be prepared in a loan agreement but is only committed at a later point in time after the Committed Facility is exhausted. Usually the existing lender has no obligation to turn an uncommitted facility in a committed facility – but the lender usually receives a right of first refusal if a financing indication by a third party is provided.

]]> https://leverest.net/glossary/unitranche/ Fri, 25 Mar 2022 14:00:37 +0000 https://leverest.net/?post_type=glossary&p=7557 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).

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