As their title suggests, the claims on security of second-lien loans are junior to those of first-lien loans

As their title suggests, the claims on security of second-lien loans are junior to those of first-lien loans Second-Lien Loans Even though they are actually yet another sort of syndicated loan center, second-liens are adequately complex to justify discussion that is detailed. After a quick flirtation with second-lien loans within the mid-1990s, these facilities dropped […]

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