Term loans are essentially private placements of debt, which bypass investment bankers as an intermediary. They can be more flexible than publicly-traded debt and are often used to finance permanent working capital needs. So, all the given options are correct.

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Term Loans

Question 94

Multiple Choice

Term loans:

A) are essentially private placements of debt, bypassing an investment banker as an intermediary.
B) are more flexible than publicly-traded debt
C) are often made to finance permanent working capital needs
D) all of the above
E) (a) and (b) only

Correct Answer: