20210317 0855
REF
[1] "www.investopedia.com/terms/l/leveragedloan.asp"
[2] "www.economist.com/the-economist-explains/2019/01/11/what-are-leveraged-loans"
from [1]
"A leveraged loan is a type of loan that is extended to companies or individuals that already have considerable amounts of debt or poor credit history. Lenders consider leveraged loans to carry a higher risk of default, and as a result, a leveraged loan is more costly to the borrower"
from [2]
"LEVERAGED LOANS are at first sight a tautology. They are simply loans, usually arranged by a syndicate of banks, to companies that already owe a lot. Most are issued in America and are then packaged into “collateralised loan obligations”, legal entities managed by private-equity firms, hedge funds and others, which slice up the loans and apportion them to their investors to suit those investors’ taste for risk."
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