Which One of the Following Statements Concerning the Issuance of Long-Term

Which one of the following statements concerning the issuance of long-term debt is correct?

A) A direct placement of debt generally has more restrictive covenants than a public issue.
B) Private placements generally have shorter maturities than term loans.
C) All U.S.debt issues, private and public, must be registered with the SEC.
D) It is easier to renegotiate a public issue than it is a private issue of debt.
E) Rarely is debt issued privately in the U.S.