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In finance, senior debt is debt that takes priority over other unsecured or otherwise more "junior" debt owed by an issuer. Senior debt is frequently issued in the form of senior notes or referred to as senior loans. Senior debt has greater seniority in the issuer's capital structure than subordinated debt. In the event the issuer goes bankrupt, senior debt theoretically must be repaid before other creditors receive any payment.[1]
Senior debt is often secured by collateral on which the lender has put in place a first lien. Usually this covers all the assets of a corporation and is often used for revolving credit lines. It is the debt that has priority for repayment in a liquidation.
It is a class of corporate debt that has priority with respect to interest and principal over other classes of debt and over all classes of equity by the same issuer.
either a debt or equity instrument with a repayment priority between seniordebt and common stock equity. Mezzanine debt is subordinated debt that represents...
authorities and seniordebt holders in the hierarchy of creditors. Debt instruments with the lowest seniority are known as subordinated debt instruments....
US English Senior (athletics), an age athletics category Senior status, form of semi-retirement for United States federal judges Seniordebt, a form of...
rather than more traditional loans which may prioritize seniordebt over subordinated debt. Unitranches are private and often tailored to specific borrowers...
second lien loans are senior secured obligations of the borrower. Second lien loans differ from both unsecured debt and subordinated debt. In the event of...
Strong) for financial strength, "AA−" for issuer default and "A+" for seniordebt. Moody's rates the U.S. companies "A1" and the unsecured loan notes "A3"...
comes in two types: senior and junior. Seniordebt is secured with the target company's assets and has lower interest rates. Junior debt has no security interests...
(CDO/CLO). Private Debt primarily focuses on investing at the top of the capital structure, primarily in senior, secured first lien debt. Investing at or...
is one of the largest non-bank middle market lenders and providers of seniordebt. Golub Capital was founded in New York City in 1994 by Lawrence Golub...
Deferred financing costs or debt issuance costs is an accounting concept meaning costs associated with issuing debt (loans and bonds), such as various...
In finance, a convertible bond, convertible note, or convertible debt (or a convertible debenture if it has a maturity of greater than 10 years) is a type...
The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, was a multi-year debt crisis that took...
In the United States, the debt ceiling or debt limit is a legislative limit on the amount of national debt that can be incurred by the U.S. Treasury, thus...
agreement that the seller of the CDS will compensate the buyer in the event of a debt default (by the debtor) or other credit event. That is, the seller of the...
CAPITAL SENIOR FLOATING: American Capital Senior Floating (ACSF), was an externally managed BDC investing predominately in senior secured debt of middle...
subordinated debt or preferred equity securities that often represent the most junior portion of a company's capital structure that is senior to the company's...
properties of both an equity and a debt instrument, and is generally considered a hybrid instrument. Preferred stocks are senior (i.e., higher ranking) to common...
of the company. In particular, debt providers are willing to extend credit in the form of bank loans, high-yield debt and mezzanine capital based in part...
takes on large debts in an effort to make the debt load too high to be attractive—the acquirer would eventually have to pay the debts. The company buys...
would rank behind seniordebt in a wind up. In other words, the holders of seniordebt would be paid out before subordinated debt holders received any...
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