An Overview Of Silent 2nd-Lien Loans In The US And Europe

Law360, New York (May 23, 2017, 3:38 PM EDT) -- Many capital structures include one or more debt facilities that are junior to senior debt secured by the same assets or property. One such type of junior debt that doesn’t fit neatly in traditional structures, but is commonly discussed, is debt with a “silent second lien.” This article briefly describes the silent second-lien debt product (including how this terminology is often vaguely used or overused in the market), highlights some differences between the U.S. and European markets, and discusses considerations in connection with the use of the product in each market and in cross-border transactions.

Overview

Lenders choose to extend credit...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!