Debtor-in-possession financing
From Wikipedia, the free encyclopedia
Debtor-in-possession financing or DIP financing is a special form of financing provided for companies in financial distress or under Chapter 11 bankruptcy process. Usually, this debt is considered senior to all other debt, equity, and any other securities issued by a company. It gives a troubled company a new start, albeit under strict conditions.
See also [edit]
- Debtor in possession
- Bankruptcy
- Bankruptcy alternatives
- Shareholder loan
- Seniority (financial)
- Bail out (finance)
- Default
- Distressed securities
- Insolvency
- Liquidation
References [edit]
- Calpine closes $5 billion DIP financing
- Bankruptcy basics - Operating capital
- 11 USC 364 - Obtaining credit
- Federal Rules of Bankruptcy Procedure - Rule 4001c: Obtaining Credit
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