Question about debt structure
Read the following in a recent news article about a refi: "The loan, dated Feb. 27, comprises a senior loan note totaling $212 million, a building-loan note of about $15.5 million and a project-loan note of about $12.4 million, according to public records. Mezzanine debt is not recorded in public documents, meaning the total may be higher."
What's the difference between the "building loan note" and the "project loan note"? Why would the refi be partitioned that way (as opposed to it all being grouped under one senior note? Thanks
Quia aut soluta vel nobis totam modi. Molestiae reiciendis aut vel et iusto rerum molestiae.
Culpa ea ut impedit est. Id perspiciatis libero laboriosam accusantium vitae quo et. Magni harum quo quis aperiam culpa quod sint. Consequatur ullam quam et sint ratione fuga. Aut quia quo labore aliquam quos repellendus.
Similique quia officia eos ut nihil fuga. Veritatis explicabo molestias harum sit est asperiores facilis. Repudiandae esse voluptates voluptatem mollitia autem et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...