Not really, it just means that the collateral and preference positions are so strong they don’t need audited financials.
In the DIP lending world there is “orderly liquidation/ with 90 days”, then “Under the Hammer/ 30 days”, and “forced liquidation value” a couple of days.
The Dip lender(s) must be 100% secured under the FLV (forced liquidation value) scenario.