Securities Laws, Bank Monitoring, and the Choice Between Cov-lite Loans and Bonds for Highly Levered
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In contrast to bonds, cov-lite loans do not require SEC registration and are not subject to securities laws. We show that this distinction plays an important role in firms choice between funding through cov-lite loans and bonds and helps understand why the market share of cov-lite loans has been so
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美国国家经济研究局创建时间：
2019-01-01
