16.14. With debtor in possession (DIP) financing, bankrupt firms are able to obtain additional amounts of debt
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16.14. With debtor in possession (DIP) financing, bankrupt firms are able to obtain additional amounts of debt that is senior to the firm’s existing debt. Explain how the firm’s existing debt holders can benefit from this.
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Related Book For 
Financial Markets And Corporate Strategy
ISBN: 9780071157612
2nd Edition
Authors: Mark Grinblatt, Sheridan Titman
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