Reuters reported that Bain Capital’s record-sized loan backing its acquisition of Irish building materials group CRH’s UK concrete and UK and U.S. clay businesses highlights how unitranche financing has become more prominent in Europe’s leveraged loan market.

According to Reuters , unitranche loans, a hybrid of senior and mezzanine loans, are becoming increasingly popular in Europe as an alternative to syndicated bank loans for small and medium-sized companies.

Reuters added, until recently, the size a borrower was able to raise in a unitranche financing was capped at around 150 million euro ($183.89 million) but three deals in December exceeded that, after increased demand from borrowers and lenders.

To read the entire Reuters article, click here.