Re-trade is the renegotiation that takes place between the buyer and the seller after the terms have been agreed to by both parties. This re-trade is initiated by the buyer and it can be to seek justification for an adjustment in the buying process. Sometimes, however, the buyer may also try to take advantage of the leverage gained in this...
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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