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What does Term Loan A mean?

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Term Loan A
(TLa)
Noun
AE


The senior secured first-lien amortizing term loan of a US leveraged credit agreement with a shorter maturity (e.g., 5-6 years) and a lower margin than the B Loan (TLb), but often the same as any revolving credit under the same loan agreement, usually held by commercial banks.

Synonym(s): 
  • senior loan.
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