Once considered a novel concept, the unitranche – a one-stop senior secured financing melding senior and subordinated tranches into one – has captured the attention of private equity sponsors and lenders alike. Unitranche structures accounted for a remarkable 36% of middle market LBO financings in 2021, up from 10% in 2016…

▶︎ Read Feb 28 2022 newsletter: here

▶︎ Chart of the Week: here (by Refinitiv LPC)

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