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Senior Debt
(redirected from Senior note)

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
Senior debt
Debt whose terms in the event of bankruptcy, require it to be repaid before subordinated debt receives any payment.

Senior Debt
A debt that has higher priority compared to another in the event of liquidation. That is, if a company goes bankrupt and is liquidated, holders of secured debt must be paid before holders of unsecured debt. In this case, the secured debt is senior debt with respect to the unsecured debt. It is a type of senior security. See also: Absolute priority rule.

senior debt
A class of debt that has priority with respect to interest and principal over other classes of debt and over all classes of equity by the same issuer. In the event of financial difficulties or liquidation of the borrower's assets, holders of senior debt will have a priority claim. Most loans from financial institutions and certain high-grade debt securities such as mortgage bonds are senior debt. Because senior debt has a relatively secure claim, it is less risky from the point of view of the lender and it pays a lower rate of interest compared with debt of the same issuer having a subordinate claim. Compare junior debt.


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The convertible senior notes will be convertible under certain circumstances and during certain periods at an initial conversion rate of 89.
HOUSTON -- Swift Energy Company (NYSE: SFY) announced today that it increased the size of its public offering of Senior Notes due 2020 from $200 million to $225 million, and that it is calling for redemption all of its outstanding $150 million 7 5/8% Senior Notes due 2011 in accordance with the terms of those notes.
the "Company"), a subsidiary of Cablevision Systems Corporation (NYSE: CVC), announced today the final results of its previously announced cash tender offers for up to $975 million aggregate purchase price of the senior notes listed in the table below (the "Senior Notes").
 
 
 
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