A syndicate desk is a group of people responsible for researching, marketing and pricing bonds, loans or stocks of companies. The syndicate desk may also be referred to as the syndicate team. The role of a syndicate desk is important for companies wishing to launch or issue a new deal to the market so that they can get the right price and,...
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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