The foundation of most capital structures. We match your plan to the right bank or direct lender, weighing the lowest cost of capital against more leverage and flexibility.
Senior secured debt sits first in your capital structure and is secured by the company's assets, which is why it is typically the lowest-cost debt available. Unitranche combines senior and junior debt into a single facility from one direct lender — usually at a higher blended rate, in exchange for more leverage, lighter structure and a faster path to close.
We can explore both routes, so you compare real offers rather than hypotheticals.
| Feature | Bank senior debt | Unitranche |
|---|---|---|
| Typical lender | Commercial and regional banks | Direct lenders and private credit funds |
| Cost of capital | Generally the lowest | Higher, reflecting blended risk |
| Leverage | More conservative | Generally higher |
| Covenants | Maintenance covenants common | Often fewer or looser |
| Amortization | Scheduled amortization common | Typically lighter |
| Speed | Longer credit approval process | Often faster, one decision-maker |
Characteristics are general and vary by lender, credit profile and market conditions.