Rob McClean

Nov 8, 2024 | jdsupra.com | John Donnelly |Rob McClean

Although second lien loans in subscription line finance have been discussed with interest over the years, their use has been sporadic and it has only been very recently that we have started to see a real uptake in the use of these structures, especially here in Europe. So why the increased use of second lien facilities? Liquidity: It is common knowledge that there are liquidity concerns across the fund finance market.