What is the key difference between a 'term loan A' (TLA) and a 'term loan B' (TLB) in corporate lending?
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A
TLA has a fixed rate while TLB has a floating rate
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B
TLA is typically held by banks with amortization, while TLB is institutional with bullet repayment
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C
TLA is unsecured while TLB is always secured by collateral
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D
TLA finances acquisitions while TLB finances working capital only