Senior Bank Loan

[Bigor]

какой-такой кредит ?

[summertime knives]

Senior bank loans (also known as "leveraged loans" because they provide leverage to a company's capital structure) are loans made to non-investment grade businesses to finance acquisitions, refinance existing debt, support business expansion, and similar purposes. Senior bank loans are large, ranging from $50 million to well over $3 billion, and are originated by money center banks and other major financial institutions that syndicate the loans among a large number of banks and institutional investors.

Senior bank loans have floating interest rates that reset usually monthly or quarterly. As a result, senior bank loans have an ultra-short interest rate duration, making them a natural hedge against fluctuations in short-term interest rates.

Senior bank loans are typically secured by a first lien on all of the assets of the borrower and are therefore "senior" in the borrower's capital structure. Accordingly, in the event of a bankruptcy or other liquidation scenario, senior bank loan obligations would be paid first, before subordinated loans, bonds, preferred stock or equity holders. Historically, senior bank loans have exhibited both lower default rates than high yield bonds and almost double the recoveries once a default occurs.

Senior bank loans are privately issued and are not traded on any public exchange. Instead, senior bank loans are traded directly among banks and institutional investors in a private secondary market

[summertime knives]

понятно?

мне нет.))

сейчас придет Shumov со своим словарем и все расскажет.))

[summertime knives]

не идет, почему-то.

[summertime knives]

Вы не поверите, но их называют "старшие кредиты". страшно. может, погуглите и найдете что-нибудь более нормальное?

[Bigor]

Спасибо, это я читал, и другое, что не дает ответа, как он по русски-то будет ?

обеспеченный активами компании банковский кредит - не проходит, потому как Senior bank loans are typically secured by a first lien, именно typically а не всегда, посему суть его похоже в том, что senior bank loans are traded directly among banks and institutional investors in a private secondary market

буду в русском инете ковыряться