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Debt - senior debt - subordinated debt - hybrid structures.

Unitranche debt combines senior debt and subordinated debt into a single structure.

The borrower pays a blended rate of interest, falling between the rates for senior debt and subordinated debt.

(Source - CFI).

Private credit unitranche loan
"Another example: private credit investor Hayfin provided a €410m unitranche loan to enable TV company HSE24 to pay a dividend to its private equity (PE) owner, Providence.
The unitranche format is typically more expensive than individual lines of credit, but not the most expensive."
Giving credit to private finance - Permjit Singh FCT PhD - The Treasurer - Issue 2, 2024, p18.

See also

Other resource