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Which of the following is true about senior debt? Has the lest restrictive covenants because it is secured by the company's assets? Since it is
Which of the following is true about senior debt?
Has the lest restrictive covenants because it is secured by the company's assets?
Since it is secured by the company's assets, lenders prefer to have the debt outstanding over time in order to generate more interest?
Usually uses PIK securities or come with warrants like mezzanine debt?
None of the above?
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