Sunny Oh
Senior reporter focused on leveraged finance and debt markets, providing analysis on TLA structures and lender behavior in recent mega buyouts.
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Feb 9, 2026 • 13min
Syndication Nation — The TLA-ming of the shrew
Sunny Oh, a senior reporter on leveraged finance, and Yiwen Lu, a reporter covering syndicated loans, unpack the resurgence of Term Loan A financings. They explain TLA features, why banks are using them to outmaneuver direct lenders, how TLAs showed up in recent jumbo buyouts like Hologic, and how the investor base and risks around flipping and covenant tradeoffs are evolving.
