unitranche
C2CEFR level
95/100Rarity: very rare
TechnicalRegister
A single blended debt facility that merges senior and subordinated layers into one instrument at one rate.
A unitranche from a direct lender gave us certainty of funds without syndicating two separate tranches.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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