Secured Debt

Reuters  Dec 29  Comment 
* Pareteum announces restructuring of senior secured debt obligation
DailyFinance  Apr 1  Comment 
NEW YORK, NY -- (Marketwired) -- 04/01/14 -- Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect") announced today that Prospect has funded a recapitalization of Harbortouch Payments ("Harbortouch") with $279 million of first-lien senior...  Dec 10  Comment 
Visit at for the full story.  Feb 14  Comment 
Visit at for the full story.
Reuters  Aug 31  Comment 
-- Virgin Islands crude oil refiner HOVENSA LLC has reduced its capacity by 150,000 barrels per day to lower costs and improve efficiency.
Wall Street Journal  Aug 9  Comment 
International Lease Finance Corp. said it plans to sell $2.5 billion in secured debt. The money raised will help repay some of AIG's debt to the New York Fed.


A Secured Debt is a debt in which the borrower must offer some form of collateral (e.g. real estate, personal property, investment securities) to be forfeited should he default on the debt. This provides the lender with a layer of security diminishing the risk involved.

It should be noted that the lender's measure of safety is tied directly to the volatility of the collateral's value.

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