Leveraged Loan Insight & Analysis – 3/14/2022

How big of a unitranche could we see this year?


The “mega-unitranche” reached new scale in 2021, as private lenders’ capacity to finance large transactions continued to increase. Unitranche loan issuance exploded to US$151bn in 2021, from US$41.5bn the prior year. This included US$86bn of large corporate unitranches, up from US$18bn the prior year.