A founding partner is a term used to describe the shareholder(s) of a company sold to a private equity backed platform company very early on in a company roll-up. When a platform company is being developed, several targets in the industry are identified for potential acquisition and integration. Usually, a larger company with existing management... Read more
Under unitranche financing, one lender provides the entire credit with a single set of documents. This can provide a number of benefits to the borrower as follows:
Simplifies the documentation and reduces the paperwork for borrowers because there is just one credit agreement and a single set of collateral documents.
Accelerates the acquisition process because buyers don't need to find and negotiate with two separate lenders for the senior and mezzanine debt. As well, since the loan documentation is much simpler, unitranche loans can be pulled together more quickly.
Saves the borrower money because only one agreement will need to be drafted and reviewed by a single legal team for the lender.
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