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).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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