Alternative debt definition
Alternative debt just means we are not looking at traditional company bonds, large multinational companies issuing bonds or governments issuing bonds. These tend to be smaller enterprises. It may be lending money, for example, for companies to buy aeroplanes or ships with shipping finance and aircraft leasing. It also might be lending to small and medium enterprises, in which case we would be doing that with a manager. We are not underwriting that ourselves, of course; we are investing with a partner.
Examples of Alternative debt in a sentence
Alternative debt structures, including Bond Anticipation Notes, could be included in the Public Financing, subject to the agreement of the City, County and ArenaCo. The City and the County, in their discretion, may later refinance such obligations to improve borrowing terms.