Delayed Draw Term Loan
topic on 1 show · 1 statements across 1 episodes
1 statements about Delayed Draw Term Loan, every show
Unfunded loan commitments carry identical credit risk but yield lower returns
“Unfunded commitments, whether it's a delayed draw term loan or a revolver, no one wants those. There's like kind of a cost of doing business. That's why credit derivatives was started. Banks didn't want those on. Let's hedge them out. You're not getting paid a…”