The Acme Company currently has senior unsecured bonds as well as both first and second lien debt in its capital structure. It has recently issued a new type of debt, the third lien debt this year. Which of the following best describes the seniority of the newly issued debt? Group of answer choices

A. It ranks below first and second lien debt, but above senior unsecured bonds

B. It ranks below first lien debt, but above second lien debt and senior unsecured bonds.

C. It ranks above all existing debt of the company

D. It ranks below all existing debt of the company