The main difference between direct private long-term debt ﬁnancing and public issues of debt is
that direct placements are less likely to have restrictive covenants.

Question

Quizplus · Accepted Answer

Direct private long-term debt financing often includes more restrictive covenants compared to public issues of debt, as private lenders typically require more control and protection over their investment.

The Main Difference Between Direct Private Long-Term Debt ﬁNancing and Public