Title

Dealing with Difficult Conditions in the Term Loan B Market
Client Memorandum

Created date

7/10/2019

In a typical “term loan B” (TLB) financing, the initial lenders expect to distribute the TLB paper to investors prior to funding. But what happens when that expectation cannot be met, or when particularly long commitment periods increase exposure to market volatility?  Our client memo offers a refresher on the techniques, old and new, that lenders can use to prevent a failed syndication, or mitigate losses that may arise when a syndication fails.