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Cial Finance Committee Fall Meeting in Las Vegas) Introduction So-called second lien financing has played an increasingly important role in the debt markets over the last five to six years. This type of lending involves high leverage and is usually part of a syndicated loan facility with multiple lenders. The issuers of the second lien financing piece may be a group of banks and other institutional investors or may be a group of bondholders. In the typical second lien transaction, both th.
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