36:
1056:
1046:
1080:
152:. Senior debt must be repaid before subordinated (or junior) debt is repaid. Each security, either debt or equity, that a company issues has a specific seniority or ranking. Bonds that have the same seniority in a company's
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53:
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17:
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119:
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57:
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897:
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1110:
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1016:
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1026:
964:
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93:
46:
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168:, typically their original investment amount, before the common shareholders receive anything.
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to common stock in a sale when preferred shareholders must receive back their
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The
American Heritage Dictionary of Businessurt Publishing Company, 2010
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refers to the order of repayment in the event of a sale or
180:(Financial products Markup Language) are as follows:
60:. Unsourced material may be challenged and removed.
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144:of the issuer. Seniority can refer to either
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1104:
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1045:
461:
447:
309:
295:
120:Learn how and when to remove this message
14:
1129:
316:
442:
290:
176:The seniority of bonds recognised in
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58:adding citations to reliable sources
29:
24:
1086:This finance-related article is a
399:Collateralized mortgage obligation
25:
1163:
1078:
1054:
1044:
34:
27:Repayment priority in bankruptcy
45:needs additional citations for
841:Debtor-in-possession financing
417:Collateralized fund obligation
411:Collateralized loan obligation
405:Collateralized bond obligation
393:Collateralized debt obligation
274:
13:
1:
267:
1090:. You can help Knowledge by
781:Staggered board of directors
7:
898:Accretion/dilution analysis
235:
10:
1168:
1073:
861:Leveraged recapitalization
334:Securitization transaction
221:Subordinate, Lower Tier 2
213:Subordinate, Upper Tier 2
69:"Seniority" financial
1040:
1032:Valuation using multiples
1017:Sum-of-the-parts analysis
987:Modigliani–Miller theorem
888:
846:Dividend recapitalization
826:
674:
661:Secondary market offering
564:
553:
480:
362:
324:
1050:List of investment banks
965:Free cash flow to equity
791:Super-majority amendment
716:Management due diligence
656:Seasoned equity offering
376:Mortgage-backed security
761:Shareholder rights plan
751:Post-merger integration
721:Managerial entrenchment
691:Contingent value rights
631:Initial public offering
171:
156:are described as being
903:Adjusted present value
766:Special-purpose entity
604:Direct public offering
574:At-the-market offering
918:Conglomerate discount
370:Asset-backed security
262:Preferential creditor
160:. Preferred stock is
940:Economic value added
935:Discounted cash flow
229:Subordinate, Tier 1
205:Subordinate, Tier 3
54:improve this article
525:Senior secured debt
423:Senior stretch loan
387:Credit default swap
363:Types of securities
18:Seniority (finance)
1060:Outline of finance
972:Market value added
955:Financial modeling
913:Business valuation
836:Debt restructuring
614:Follow-on offering
599:Corporate spin-off
557:(terms/conditions)
474:investment banking
428:Structured product
339:Credit enhancement
318:Structured finance
257:Unsecured creditor
1142:Corporate finance
1099:
1098:
1068:
1067:
992:Net present value
977:Minority interest
908:Associate company
884:
883:
851:Financial sponsor
771:Special situation
741:Pre-emption right
731:Minority discount
641:Private placement
540:Subordinated debt
495:Exchangeable debt
482:Capital structure
470:Corporate finance
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435:
382:Credit derivative
242:Security interest
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154:capital structure
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16:(Redirected from
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950:Fairness opinion
945:Enterprise value
928:Weighted average
856:Leveraged buyout
711:Drag-along right
609:Equity carve-out
566:Equity offerings
562:
561:
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530:Shareholder loan
515:Second lien debt
510:Preferred equity
490:Convertible debt
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349:Orphan structure
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247:Secured creditor
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1012:Stock valuation
1007:Residual income
923:Cost of capital
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876:Project finance
866:High-yield debt
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801:Tag-along right
726:Mandatory offer
696:Control premium
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646:Public offering
594:Bought out deal
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197:Top precedence
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150:preferred stock
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1027:Terminal value
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500:Mezzanine debt
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1152:Finance stubs
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579:Book building
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354:Shell company
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110:December 2009
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71: –
70:
66:
65:Find sources:
59:
55:
49:
48:
43:This article
41:
37:
32:
31:
19:
1147:Fixed income
1092:expanding it
1085:
1070:
1002:Real options
818:Tender offer
678:acquisitions
666:Underwriting
651:Rights issue
554:Transactions
276:
189:Description
175:
165:
161:
137:
131:
116:
107:
97:
90:
83:
76:
64:
52:Please help
47:verification
44:
776:Squeeze-out
746:Proxy fight
676:Mergers and
589:Bought deal
520:Senior debt
252:Senior debt
186:FpML value
1137:Bankruptcy
1131:Categories
1022:Tax shield
982:Mismarking
786:Stock swap
736:Pitch book
706:Divestment
584:Bookrunner
505:Pari passu
268:References
166:preference
158:pari passu
142:bankruptcy
80:newspapers
997:Pure play
890:Valuation
756:Sell side
619:Greenshoe
226:SubTier1
202:SubTier3
138:seniority
828:Leverage
806:Takeover
701:Demerger
686:Buy side
236:See also
811:Reverse
796:Synergy
636:Pre-IPO
624:Reverse
545:Warrant
344:Tranche
194:Senior
134:finance
94:scholar
162:senior
96:
89:
82:
75:
67:
535:Stock
419:(CFO)
413:(CLO)
407:(CBO)
401:(CMO)
395:(CDO)
389:(CDS)
378:(MBS)
372:(ABS)
101:JSTOR
87:books
1088:stub
472:and
178:FpML
172:FpML
146:debt
73:news
148:or
132:In
56:by
1133::
136:,
1119:e
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1105:v
1094:.
462:e
455:t
448:v
310:e
303:t
296:v
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117:(
112:)
108:(
98:·
91:·
84:·
77:·
50:.
20:)
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