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Hi fishes,
I have just now applied in Grant Thorntonn for the role of Analyst - Fin Ops - US Operations- NB.
I am a 2020 B. Com (Tax and Finance) Graduate with 8.77 CGPA. Also passed ACCA Financial Management and Taxation UK Skills level exams.
Can someone refer me for the same?
Grant Thornton
It’s almost Purim!
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I wouldn't say it's "basically" guaranteed. They have top priority, but I have seen cases where it doesn't get repaid. Also, sometimes it gets "repaid" through a credit bid (kind of like a debt or equity swap) or roll into exit financing, which of course is different than a cash repayment.
But the ultimate answer is that due to prepetition lender's ability and wish to not get primed, and most lenders being unwilling to provide DIP on a junior basis, the prepetition lenders are the only game in town and get to pick their terms. There is some bk law that says the interest and fees must be reasonable, but trying to get a judge to deny a DIP when the company is saying that the DIP is the only thing that stands between a reorganized company and chapter 7 liquidation is challenging.