Joe Zeidner

Partner, Cadwalader, Wickersham & Taft LLP

Joe Zeidner is a partner in Cadwalader’s Fund Finance group. Joe’s practice focuses on a broad range of fund finance transactions at all levels of the capital structure and every phase of a fund’s existence. Joe is one of the preeminent experts representing major U.S. and foreign banks and other financial institutions as agents, lead arrangers and lenders in structuring, negotiating and documenting subscription credit facilities, as well as hybrid and other non-traditional facilities and lending arrangements. Joe has been involved in many of the largest, most complex syndicated credit facilities to funds managed by some of the world’s most distinguished fund sponsors, including representing more than 25 different lead lenders on over $100 billion worth of aggregate commitments. Joe was included in the 2023, 2024 and 2025 editions of the Best Lawyers: Ones to Watch in America for Banking and Finance Law.

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Term Loan B facilities

Practice Notes

This Practice Note discusses Term Loan B (or TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged financings. TLBs are an established feature in the US market and increasingly used in the European lending market for institutional investors. It explores the structure of a typical TLB facility, how it differs from traditional leveraged loans in Europe, its key features and recent trends.

Banking & Finance