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private_wealth

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private_wealth

Re: RS500 post# 65433

Tuesday, 06/01/2010 1:56:14 PM

Tuesday, June 01, 2010 1:56:14 PM

Post# of 83049
DIP financing, not Long term financing.

DIP financing is senior to every stakeholder in the company. Senior to first liens, second, lines, third liens, preferred and common.

Long term financing would be in a first or second position.
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