Debt Unitranche is a hybrid model that combines different loans into one, with an interest rate for the borrower that is between the highest and lowest individual loan rates.
Unitranche debt is commonly used in institutional finance deals because it allows the borrower to access funds from multiple parties and potentially close the deal faster.
Unitranche debt is comparable to syndicated debt, since both types of loans are structured under an agreement that provides for an average cost of debt for the issuer.