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.
权威例句
1.
The government has also dipped its toes into Debtor-In-Possession financing through its bailouts of Chrysler and General Motors.
FORBES: The War For U.S. Capital Markets
2.
"No one else could have provided the debtor-in-possession financing" to allow the companies to emerge from bankruptcy, he said.
WSJ: Romney Wins in Michigan, Arizona
3.
Borders is nearing a deal for so-called debtor-in-possession financing, which would keep the company operating in bankruptcy, the people said.