What is it?
DirectLenderMatch classifies Delayed-Draw Term Loan (DDTL) under the financing form “Committed term facility.” Its typical use in this directory is: Fund acquisitions/capex over time.
How does it work?
The structure is generally evaluated, supported, or secured using the following basis: Enterprise credit; future draw conditions. Exact underwriting, eligibility, terms, and availability are provider-specific and can change.
What can it be used for?
Fund acquisitions/capex over time.
What backs or supports it?
Enterprise credit; future draw conditions.
Why does this structure exist?
This structure provides a defined way to address the financing need described above. The provider, transaction, collateral, and underwriting context determine how the structure is implemented in practice.
Important considerations
Confirm current costs, risks, licensing, eligibility, collateral treatment, recourse, tax consequences, and availability directly with the provider and appropriate professional advisers. DirectLenderMatch does not compare rates or recommend products.
Is this actually a loan?
Workbook classification: Yes. Financing forms such as leases, purchases, shared equity, advances, and guarantees may solve a funding need without being conventional loans.
Verified lenders or providers
Direct private-credit lender
Golub Capital
Golub Capital's current Sponsor Finance page explicitly lists unitranche, recurring-revenue, first-/second-lien and committed delayed-draw term-loan facilities.
Official evidence page →Last verified: 2026-08-23
Related financing structures
Dividend Recapitalization Loan
Fund owner dividend/recapitalization
Syndicated Revolving Credit Facility
Large-company liquidity
Unsecured Subordinated Note
Junior capital without asset lien
Corporate Mezzanine Debt
Acquisition/growth capital behind senior debt
Corporate Revolving Credit Facility
Working capital/liquidity
Exit Financing
Fund emergence from bankruptcy