# Second-lien credit

- Canonical URL: https://www.gerhardmerk.de/second-lien-credit-2
- Post ID: 588586
- Modified: 2023-07-25T21:12:50+00:00
- Language: en

## Definition

The subordinated extension of credit to existing loans, used especially by CLO funds in the course of leveraged buyouts. - See payment-in-kind credit, toogle debt. - Cf. ECB Monthly Bulletin, December 2006, p. 46 f. (reservations about this type of financing because of the very high risks with repercussions for the general economic situation). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1