The main difference between direct private long-term debt ﬁnancing and public issues of debt is
that direct placements are limited to a total value of $10 million.

Question

Quizplus · Accepted Answer

The main difference between direct private long-term debt financing and public issues of debt is not the limit on the total value of direct placements. In fact, direct placements can often exceed $10 million, while public issues of debt involve the sale of securities to the general public and can involve much larger amounts. Other differences between direct and public debt financing include the level of disclosure and regulatory requirements, the cost of financing, and the size and type of investors involved.

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