Unitranche: On the up, down under

Unitranche facilities have been a feature of the European and U.S, markets for a number of years, and have recently been making their mark on Australia. In this article, we provide a brief introduction to unitranche, focus on the intercreditor issues which can arise when it is combined with a revolving credit facility, and look at how unitranche has evolved in Europe and is currently developing in Australia.

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