Search results
Results From The WOW.Com Content Network
Senior debt is frequently issued in the form of senior notes or referred to as senior loans. Senior debt has greater seniority in the issuer's capital structure than subordinated debt . In the event the issuer goes bankrupt , senior debt theoretically must be repaid before other creditors receive any payment.
Senior debt must be repaid before subordinated (or junior) debt is repaid. [1] Each security, either debt or equity, that a company issues has a specific seniority or ranking. Bonds that have the same seniority in a company's capital structure are described as being pari passu .
An exchange-traded note (ETN) is a senior, unsecured, unsubordinated debt security issued by an underwriting bank or by a special-purpose entity. [1] [2] Similar to other debt securities, ETNs may have a maturity date and are backed by the credit of the issuer, though some ETNs may have a portfolio of assets given as a collateral.
Seagate Technology is making a little more room on its hard drive for a current offering of senior unsecured notes. The company announced it has upsized the issue to $800 million in aggregate ...
Carlyle to Offer Senior Notes WASHINGTON--(BUSINESS WIRE)-- Global alternative asset manager The Carlyle Group L.P. (NAS: CG) today announced its intention to offer, subject to market and other ...
Ventas Announces Pricing of Senior Notes Offering CHICAGO--(BUSINESS WIRE)-- Ventas, Inc. (NYS: VTR) ("Ventas" or the "Company") announced today that it has priced a public offering of $225 ...
In structured finance, a tranche is one of a number of related securities offered as part of the same transaction. In the financial sense of the word, each bond is a different slice of the deal's risk.
Subordinated debt has a lower priority than other bonds of the issuer in case of liquidation during bankruptcy, and ranks below: the liquidator, government tax authorities and senior debt holders in the hierarchy of creditors. Debt instruments with the lowest seniority are known as subordinated debt instruments. [1] [2]