TITLE

BULKING UP

AUTHOR(S)
O'Leary, Christopher
PUB. DATE
April 2006
SOURCE
Investment Dealers' Digest;4/3/2006, Vol. 72 Issue 13, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article looks at the increasing popularity of second-lien lenders in the United States and their rising power over first-lien lenders. Second-lien lenders have provided loans that typical first-lien lenders have refused to approve. Second-lien lenders have also obtained more favorable terms in intercreditor agreements with first-lien lenders. One dispute between first-lien and second-lien lenders is the issuance of financing to bankrupt firms. Second-lien lenders are also financiers of leveraged buyouts.
ACCESSION #
20408806

 

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