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