loan-to-own
C2CEFR level
92/100Rarity: very rare
TechnicalRegister
A strategy of buying a troubled company's distressed debt intending to convert it into controlling equity through the restructuring.
That fund isn't chasing a par recovery; this is a loan-to-own play for the whole business.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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