Term Loan B (TLB) Definition | Legal Glossary | LexisNexis
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GLOSSARY

Term Loan B (TLB) definition

What does Term Loan B (TLB) mean?

The term 'Term Loan B' or 'TLB' is used to refer to a tranche of senior credit facilities made available to a borrower that is designed to be syndicated in the institutional loan market. They are associated with particularly sponsor friendly terms such as not including any maintenance covenants (covenant lite).

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