Second-Lien Loans Back In Vogue?

25 Sep 2009

Second-lien loans are making their first reappearance since that market has been largely dormant for two years.

--Libby Sallaberry

Second-lien loans are making their first reappearance since that market has been largely dormant for two years. Delta Air Lines, Realogy Corp. and Allen Systems have all tapped the credit markets for second-lien loans. While lower in the capital structure, the secured aspect of the loans provides ...

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