Sources of Available Project Financing: Term B Loan Facilities

The development and construction of large-scale projects such as pipelines, mines, natural gas liquefaction facilities and thermal power plants typically require significant capital that usually cannot be obtained from a single financing source. As a result, sponsors of these projects may seek capital from several different sources to complete the financing package, including commercial bank syndicates, institutional investors and the capital markets. Where appropriate, financing may also be provided by export credit agencies (ECAs), bilateral and multilateral institutions, tax equity investors, and under municipal, state and federal government loan and grant programs. This note focuses on one of these sources, Term Loan B (TLB) facilities.