Second Liens Create Tougher Workouts

Goodison, Eric
September 2006
Investment Dealers' Digest;9/25/2006, Vol. 72 Issue 36, p26
Trade Publication
The article presents a reprint of the article "Second Liens Create Tougher," from the Financial Executive Magazine. It discusses on the new financing technique, the syndicated lien loan. It reported that the advent fo the second lien loan market has coincided with a low interest-rate environment and benign credit cycle with low defaults.


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