The Grenadier Forum

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Is Ineos in financial woes?

Senior secured bond with a 5 year maturity and 7% interest payments.

Senior Secured Bonds​

Any security labeled "senior" in such a structure is one that takes primacy over any other company’s sources of capital. The most-senior securities holders will always be first to receive a payout from a company’s holdings in the event of default. Then would come those security-holders whose securities are deemed second-highest in seniority, and so forth until the assets used to pay off such debts run out.
 
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