Senior debt
Debt that, in the event of bankruptcy, must be repaid before subordinated debt receives any repayment. Senior debt lenders have the highest ranking claim over the assets of the project company compared to all other lenders and investors.
Debt that, in the event of bankruptcy, must be repaid before subordinated debt receives any repayment. Senior debt lenders have the highest ranking claim over the assets of the project company compared to all other lenders and investors.