A note explaining what second lien financing (or second lien finance or second lien debt) is, how it developed and how it can be distinguished from senior debt and other forms of subordinated debt.
A note explaining what second lien financing (or second lien finance or second lien debt) is, how it developed and how it can be distinguished from senior debt and other forms of subordinated debt.
This practice note also links to materials on the use of second lien financing in the United States.