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Workouts for Borrowers With Second-Lien Loans: More Time, More Trouble
September 14, 2006 Full PDF
Partner Eric Goodison published an article, "Workouts for Borrowers With Second-Lien Loans: More Time, More Trouble," in the September/October issue of The Secured Lender. In the article, Eric discusses the economic advantages and disadvantages of second-lien loans, focusing on the complexities and issues surrounding the intercreditor agreements that bind second-lien lenders and first-lien lenders.