Also referred to as a Term A Loan or a senior term loan. A senior term loan that usually matures within five to six years. If there is a revolving credit loan under the same credit facility, the final maturity of the TLA may be the same or one year later than the final maturity of the revolving credit loan. TLA tranches typically amortize, with the borrower having to repay an amount of the TLA each year equal to between 5.0% and 20.0% of the initial principal amount of the loan. The amount of the amortization payment generally increases during the term of the loan, with the percentage amount starting low and increasing each year until the maturity date. The interest rate margins for TLA tranches under credit facilities that include revolving credit loans are often the same as for the revolving credit loans.

Lenders of TLAs are usually banks but may include the types of institutional investors that are commonly Term B Lenders. TLAs are not subordinated to other indebtedness of the borrower, and are scheduled to be repaid before the Term Loan B (TLB).

In English law-governed loan transactions, a TLA is usually referred to as Senior debt or Tranche A debt.