Venture Deals · glossary
Latin for on an equal footing. Unsecured notes rank pari passu with the company’s other unsecured creditors. Classes in one tier of the stack share pari passu, in proportion to what each is owed. Chapter 4 · Chapter 9
Explained in Chapter 4, Convertible Loan Notes, of Venture Deals.
The main page for this term is Pari passu, in Finance Deals & Syndicated Lending.
Pari passu means on an equal footing. If Solaris failed, its money would be paid out in this order…Read Chapter 4, Convertible Loan Notes →
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