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"Every transaction is different, different people bring different bargaining power to the table."

--J.T. Knight, a partner with law firm Simpson Thacher & Bartlett, on the potential pitfalls of second-lien loans.

"Every transaction is different, different people bring different bargaining power to the table."--J.T. Knight, a partner with law firm Simpson Thacher & Bartlett, on the potential pitfalls of second-lien loans.

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