US second-lien – first choice?
June 22, 2018 at 12:46 PM EDT
NEW YORK, June 22, 2018 (LPC) - US companies including cell phone insurance provider Asurion and production studio Metro-Goldwyn-Mayer (MGM) are raising second-lien loans rather than cheaper high-yield bonds to take advantage of the flexibility that yield-hungry investors continue to offer.