TULA Capital advises on general-purpose corporate credit facilities from $10M-$250M—term loans, revolving credit lines, and working capital financing. We leverage 200+ bank relationships and proprietary market intelligence to deliver optimal pricing, structure, and speed for bilateral, club, and syndicated transactions.
Corporate credit facilities may seem straightforward, but the difference between a good deal and a great one—in pricing, flexibility, and long-term value—comes down to market intelligence, competitive process design, and relationships.
Our technology platform tracks 200+ commercial banks and credit providers in real-time—current pricing grids, appetite by industry, hold limits, and approval speed. We know which banks are actively competing for corporate credit before you start the process.
Our team has placed $3.5B+ across every major commercial bank and regional lending platform. Banks prioritize TULA-originated deals because we bring well-prepared, pre-qualified borrowers—accelerating approvals and unlocking relationship-tier pricing.
We close corporate credit facilities in 25-35 days on average—40% faster than companies navigating bank processes directly. Our pre-formatted materials, structured competitive processes, and proactive issue management eliminate the delays that drag out typical closings.
A streamlined, advisor-led process that generates competitive tension among banks while minimizing demands on your management team.
We review your financials, cash flow dynamics, existing debt structure, and strategic objectives to determine optimal facility type and sizing. Our platform instantly benchmarks your credit profile against current bank appetite across 200+ institutions.
Output: Preliminary sizing, target pricing range, recommended structure (bilateral vs. club vs. syndicated), shortlist of 5-8 optimal banks
We prepare bank-ready materials: executive credit summary, historical and projected financials, industry context, and preliminary term sheet outlining your desired structure. We also finalize the outreach strategy—which banks to approach, in what order, and how to position the opportunity.
Output: Complete information package, bank targeting matrix, competitive process timeline
We engage shortlisted banks simultaneously, managing all communications, coordinating management meetings, and answering credit questions. Our reputation ensures rapid responses—most banks return preliminary indications within 5-7 business days.
Output: 3-5 term sheets with detailed comparison across pricing, covenants, fees, and flexibility
We leverage competitive tension to optimize every term—spread, commitment fees, covenant levels, prepayment flexibility, accordion features, and reporting requirements. Our database of hundreds of corporate credit facilities informs every negotiation point.
Output: Executed term sheet with best-in-market economics and structural flexibility
We coordinate credit agreement drafting, manage the diligence process, and resolve documentation issues before they create delays. Our familiarity with standard bank credit agreement provisions prevents over-negotiation of boilerplate while protecting you on provisions that matter.
Output: Negotiated credit agreement, satisfied conditions precedent, facility ready for closing
We coordinate closing logistics, ensure smooth funding, and remain available post-close for amendments, facility upsizes, covenant waivers, and refinancings. Our clients treat us as their long-term capital markets partner—most return for subsequent transactions.
Output: Funded facility, ongoing relationship for future credit needs and market updates
TULA advises on general-purpose corporate credit facilities for established businesses seeking growth capital, working capital optimization, or balance sheet flexibility.
Representative corporate credit facilities arranged by TULA Capital.
$75M revolver + $50M term loan A in a 3-bank club deal. Achieved SOFR+175bps with 25bps commitment fee on undrawn revolver—40bps inside the company's existing facility pricing.
Bilateral revolving credit facility with a top-5 national bank. Negotiated covenant-lite structure with springing financial covenant at 30% utilization. Included $20M accordion for future growth.
Syndicated credit facility with $150M revolver and $50M delayed draw term loan. Secured competitive pricing at SOFR+200bps with flexibility for tuck-in acquisitions without lender consent below $25M.
Whether you're establishing a new credit facility, refinancing an existing one, or expanding capacity for growth, we'll deliver a preliminary assessment with pricing benchmarks and bank recommendations within 48 hours—no obligation.
We're compensated by lenders upon successful closing—you never pay TULA directly. Our fee is a percentage of the facility size, which aligns our incentives with yours. We only succeed when you secure optimal corporate credit terms.
We work alongside your existing banking relationships regularly. Our value is benchmarking your current facility against the broader market—you may uncover better pricing and terms, or validate that your current arrangement is competitive. We also bring incremental lenders to the table that can drive competitive tension even when you're renewing with an incumbent bank.
Completely confidential. We execute NDAs before any outreach, control all information flow, and only contact lenders with your explicit approval. For corporate credit facilities, we typically approach 4-8 banks in a structured process, protecting your market reputation while generating meaningful competition.
Three things: (1) Technology—our proprietary lender intelligence platform tracks real-time bank appetite, pricing trends, and approval patterns across 200+ institutions. (2) Relationships—we've closed $3.5B+ in corporate facilities, earning priority treatment from senior bankers. (3) Speed—our process closes corporate facilities in 25-35 days on average, roughly 40% faster than going direct.
Detailed answers on corporate loan structures, pricing mechanics, and market terms.
Bilateral facilities involve a single lender relationship, offering simplicity and speed—typically closing in 3-4 weeks with streamlined documentation and direct decision-making. Syndicated facilities involve multiple lenders coordinated by an arranger, taking 6-10 weeks but providing larger capacity beyond any single lender's hold limit. Club deals sit in between: 2-4 banks sharing the facility under common documentation, combining relationship benefits with greater capacity. The right structure depends on facility size, borrower preference for lender diversification, and willingness to manage multiple banking relationships.
Term Loan A (TLA) is typically held by commercial banks as part of a broader relationship. TLAs carry lower pricing (SOFR+200-350bps), require quarterly amortization (typically 5-10% annually), include maintenance covenants tested quarterly, and have 5-7 year tenors. Term Loan B (TLB) targets institutional investors—CLOs, hedge funds, and loan mutual funds. TLBs carry higher pricing (SOFR+350-500bps), feature minimal amortization (1% annually), rely on incurrence-based covenants rather than maintenance tests, and extend to 7-8 year maturities. TLAs suit relationship-oriented borrowers seeking lower cost; TLBs provide covenant flexibility and maximum leverage for more aggressive capital structures.
Market flex gives arrangers the right to adjust loan terms if market conditions shift between commitment and syndication. Typical flex provisions allow 50-75bps of pricing adjustment upward, changes to original issue discount (OID), modifications to call protection, and structural changes like adding or resizing tranches. Reverse flex allows the borrower to benefit if market conditions improve, reducing pricing or improving terms. Flex provisions are heavily negotiated—borrowers seek caps on flex amounts and sunset dates, while arrangers need flexibility to ensure successful syndication. Understanding flex dynamics is critical for borrowers to protect against material changes to committed terms.
Revolving credit facilities (revolvers) allow borrowers to draw, repay, and re-borrow up to a committed limit during the facility's term—functioning like a corporate credit card. Borrowers pay commitment fees (typically 25-40bps) on undrawn amounts plus interest on drawn balances. Term loans provide a fixed amount disbursed at closing with scheduled repayment, offering no re-borrowing ability. Most corporate credit packages combine both: a revolver for working capital flexibility and liquidity management, paired with a term loan for permanent capital needs. Revolvers typically have shorter tenors (3-5 years) and tighter covenants than accompanying term loans, reflecting banks' preference for shorter-duration, relationship-oriented commitments.
The administrative agent serves as the operational hub between the borrower and syndicate lenders. Key responsibilities include processing borrowing requests and disbursing funds, collecting and distributing interest and principal payments, receiving and distributing financial reporting and compliance certificates, administering amendments and waivers through lender voting, monitoring covenant compliance and default notices, and maintaining the lender register for assignments and participations. Agency fees typically range from $20K-$75K annually depending on facility complexity. Selection of the administrative agent matters—an experienced agent streamlines ongoing administration and can facilitate smoother amendment processes when needed.