Loan Digest

The Latest Tool to Refinance Short-Term Debt: Double-Dip Financing

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Businesses, often with significant leverage, are increasingly tapping loans that create two separate claims on their assets

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https://www.wsj.com/articles/the-latest-tool-to-refinance-short-term-debt-double-dip-financing-4cfe96ffA Trinseo facility in Bristol Township, Pa., above, in March. The publicly traded materials manufacturer in September landed $1.08 billion in secured term-loan financing.Some companies facing a cash crunch are turning to so-called double-dip loans to refinance short-term debts and improve liquidity amid rising interest rates.This copy is for your personal, non-commercial use only.

 

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