Pro-Rata Tranche
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A pro-rata tranche is a portion of a syndicated loan that is comprised of two features: a revolving credit facility, and an amortizing term loan.
Pro-Rata Tranche meaning & definition 1 of Pro-Rata Tranche.
A pro-rata tranche is a portion of a syndicated loan that is comprised of two features: a revolving credit facility, and an amortizing term loan.