straight debt

Straight Debt

Any debt that cannot be changed into something else. For example, a regular bond is straight debt because it contains no special features beyond repayment with interest. Straight debt contrasts with convertible debt which may be exchanged for something else, usually common stock.

straight debt

Debt that cannot be exchanged for another asset. Because most bonds are not convertible, they are examples of straight debt. See also convertible security.
References in periodicals archive ?
Within its outlook for 2018, the whitepaper indicated that convertible bond issuances were overdue an uptick, but that until rates rise further the straight debt market will continue to dominate.
Within its outlook for 2018, the white paper indicated that convertible bond issuance was overdue an uptick, but that until rates rise further the straight debt market will continue to dominate.
For example, mezzanine financing a blend of debt and equity can be a useful alternative to straight debt or straight equity financing.
Considering the hybrid feature of mezzanine financing, as it combines features of both debt and equity into a single financing vehicle, it differs from straight debt finance as it implies a greater sharing of risk and reward between the user of the capital and the investor.
If markets recover within this period, we expect Dynegy may attempt to refinance the transaction to include straight debt at the JV in lieu of the PIK loan.
BANKING AND CREDIT NEWS-March 16, 2016-BNY Mellon named leading provider of trust services for straight debt in 2015
M2 EQUITYBITES-March 16, 2016-BNY Mellon named leading provider of trust services for straight debt in 2015
Global Banking News-March 14, 2016--BNY Mellon recognised for serving straight debt in 2015
French Finance Minister Michel Sapin said after meeting Varoufakis that Athens could not expect a straight debt write-off, but left the door open to other options that include giving Athens more time for repayment.
Before the meeting Sapin repeated that Greece could not expect its partners to accept a straight debt write off.
On the contrary, the response to straight debt offerings was found to be statistically insignificant.
First, we examine the impact of investor demand on convertible debt issuance by estimating pairwise logistic regressions modeling the choice between convertible debt and straight debt, and between convertible debt and seasoned equity.