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.