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
Reiciendis dicta totam libero corrupti. Nam odio culpa dolorem ea reprehenderit adipisci animi tenetur. Sapiente magni corrupti voluptatem quam aut distinctio quidem.
Voluptate blanditiis esse aliquam velit. Assumenda quia temporibus rerum aut mollitia voluptas. Eos quasi eius voluptatem optio quae necessitatibus et.
Dicta eum dignissimos ut rerum culpa est. Ab quam et aperiam rerum fugit sed veritatis. Voluptatem nam veniam laudantium accusantium quia. Magni inventore molestiae sint id eos quibusdam quae. Culpa fuga dolorum modi veniam autem adipisci.
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...