A 5.5x EBITDA loan? Sure, you can call it senior secured

Unitranche has found favour post-GFC as a result of its simplicity. But investors should make sure not to ignore it goes much deeper in the capital structure than traditional first lien senior secured debt.

26 September 20193 mins read

Related articles

alt

Churchill launches capital solutions strategy: Noah Charney to lead

12 August 2026 · 2 mins read

alt

Voluntary Fed survey to weigh $1.3trn private credit market

11 August 2026 · 2 mins read

alt

SEC zeroes in on private funds valuations

11 August 2026 · 5 mins read

alt

New Jersey CIO stresses credit underwriting amid retail inflows

10 August 2026 · 4 mins read

alt

Loan Note: Key moves for Blue Owl in Japan; last call for Rising Stars

10 August 2026 · 6 mins read

alt

Hercules reports record $2.7bn originations in H1

7 August 2026 · 2 mins read

alt

Hamilton Lane: ‘Evergreen hesitancy only temporary’

7 August 2026 · 3 mins read