easy · Private Equity advanced-lbo

A 'Unitranche' loan facility is often preferred by middle-market private equity sponsors because it combines which two layers of traditional capital into a single instrument?

1. Common equity capital and preferred equity capital
2. Senior secured debt and subordinated (mezzanine) debt
3. Public high-yield bonds and privately placed bank term loans
4. Revolving credit facilities and standard amortizing term loans

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