The highest priority debt in the case of default. If a property or other type of collateral is used to back a debt, first lien debt holders are paid before all other debt holders. This type of debt holds less risk than a second lien debt.
Related information about first lien debt:
- What is first lien debt? definition and meaning
Definition of first lien debt: The highest priority debt in the case of default. If a property or other type of collateral is used to back a debt, first lien debt holders are ...
- Web.com Re-prices First Lien Debt and Upsizes Facility to Reduce ...
Nov 19, 2012 ... From Yahoo! Finance: JACKSONVILLE, Fla. -- Web.com Group, Inc. (the " Company"), a leading provider of internet services and online ...
- First and Second Lien Loans - Business Finance
Usually, the lenders of second lien debt have already issued first lien debt and ... Because second lien debt depends on all first lien debt being repaid first, it is ...
- TEXT-S&P rates Ardent Medical's first-lien debt | Reuters
Nov 9, 2012 ... Overview -- U.S.-based Ardent Medical Services Inc. is issuing debt to finance the acquisition of a majority interest in Baptist St. Anthony's ...
- Loan Lien Types - Welcome to Debt Market
As a general rule, permitted prior liens fall into four categories: Liens securing the first lien debt and all related first lien obligations Liens that predate the second ...
- Second Lien Debt Historical Recovery - Moody's
regression of first lien recovery (57.9%) against family recovery and % cushion below the first lien debt. Second Lien vs. Other Creditor Class Ultimate Recovery ...
- First Lien Debt | eHow.com
First Lien Debt. A lien is a type of legal claim a creditor can hold over a debtor --- or, specifically, over a particular asset the debtor owns. Liens are closely ...
- Goldman Sachs | Specialty Lending
senior secured first lien debt - senior secured second lien debt - mezzanine debt - non-control structured investments (convertible debt and debt with warrants) ...