Respect your senior

Senior debt could be overtaking from junior offerings as investors look for safety.

Senior debt topped junior debt as the most used fundraising strategy in 2017, marking the first time in over a decade that the latter has not dominated volume in the fundraising markets, according to PDI data.

But despite the rapid growth of unitranche, challenging the role of mezzanine and other subordinated debt in the marketplace, there is no sign that junior debt is out of fashion.

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