senior debt

senior debt
A phrase used to describe secured medium or long term bank debt provided to a company, often as part of a finance package also including mezzanine finance and development capital. Its seniority means it ranks ahead of other finance in terms of security.

Easyform Glossary of Law Terms. — UK law terms.


senior debt
Debt that is not subordinated. For example, a loan (from a single bank or a syndicated loan) that is intended to rank ahead of other unsecured and unsubordinated debt on the insolvency of the borrower.
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USA
Debt that ranks ahead of other debt.
In bankruptcy proceedings, senior debt must be repaid before other creditors receive any payments. Senior debt is often secured by collateral in which the lender has first priority lien.
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+ senior debt
finance provided by the debt funders, who are also known as the senior lenders.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Senior debt — Debt that, in the event of bankruptcy, must be repaid before subordinated debt receives any payment. The New York Times Financial Glossary * * * senior debt senior debt ➔ debt * * * senior debt UK US noun [U] FINANCE ► debt that will be paid back …   Financial and business terms

  • Senior debt — In finance, senior debt, frequently issued the form of a senior note, is debt that takes priority over other debt securities sold by the issuer. Senior debt has greater seniority in the issuer s capital structure than subordinated debt. In the… …   Wikipedia

  • senior debt — Obligations of an issuer for which repayment has contractually been given a priority that is higher than the repayment priority of other debts of the same obligor. This arrangement may arise from either a specific subordination agreement or a… …   Financial and business terms

  • Senior Debt — Borrowed money that a company must repay first if it goes out of business. Companies have a number of options for obtaining financing, including bank loans and the issuance of bonds and stocks. Each type of financing has a different priority… …   Investment dictionary

  • Senior Debt — Senior Debenture; engl. Bezeichnung für vorrangiges Fremdkapital. Im Rahmen der ⇡ Mezzanine Finanzierung handelt es sich bei den S.D. um Fremdkapital, das dem vorrangigen Fremdkapital im Rang zwar nachgestellt ist, jedoch durch seinen sekundären… …   Lexikon der Economics

  • senior debt — / si:niə det/ noun a debt which must be repaid in preference to other debts (such as a first mortgage over a second mortgage) …   Dictionary of banking and finance

  • senior debt — /sinjə ˈdɛt/ (say seenjuh det) noun Finance a form of borrowed finance which has the highest priority in the ranking of claims for repayment in the case of default, liquidation, etc.; usually in the form of a bank loan and with secure collateral …  

  • partners senior debt — senior loan Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • Debt restructuring — is a process that allows a private or public company – or a sovereign entity – facing cash flow problems and financial distress, to reduce and renegotiate its delinquent debts in order to improve or restore liquidity and rehabilitate so that it… …   Wikipedia

  • senior loan — See senior debt. Related links alphabet notes Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

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