What kind of loan is needed if the "take-out" securities deteriorate between the signing and the closing of an LBO?

Question

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A bridge loan is typically used to cover short-term financing needs and provides temporary funding until permanent financing can be obtained. In the context of an LBO, a bridge loan can be used to cover the gap between the signing and closing of the deal if the take-out securities deteriorate in value. This allows the deal to proceed while the financing structure is re-arranged. Second lien term loans, PIK debt, and mezzanine debt are not typically used in this situation.

What Kind of Loan Is Needed If the "Take-Out" Securities