Sources of Available Project Financing: Term Loan B Facilities | Practical Law
A Practice Note discussing how Term Loan B (TLB) facilities, a loan product geared toward the non-bank investor market and designed to provide borrowers more flexibility than commercial bank debt, are used to finance projects on a limited recourse basis. This Note includes information on the types of projects these loans finance, the investors that typically provide this type of financing, and the role these facilities play in US project finance transactions.