SENIOR DEBT
SENIOR DEBT
Senior debt is capital that the company borrows that will take the highest priority during bankruptcy proceedings if a company goes out of business. Senior debt can be secured or unsecured.
- Secured senior debt is backed by collateral.
- Unsecured senior debt is not backed by collateral.
Various types of senior debt include:
- Revolvers
- Term Debt
- Equipment Loans
- Asset-Based Loans
- Cash Flow Loans
While we are here to focus on Subordinated Debt, we realize that many companies shall also need senior debt, which we could satisfy by obtaining a unitranche debt structure for the client, but we also have the ability to obtain senior debt term sheet offers for our clients.
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