leveraged loan

简明释义

以所借的钱作抵押所获之贷款

英英释义

例句

1.The risks associated with leveraged loans can be significant during economic downturns.

在经济下行期间，与杠杆贷款相关的风险可能会很大。

2.A leveraged loan is often used by companies with high debt levels to fund growth.

企业通常使用杠杆贷款来资助增长，尤其是那些债务水平较高的公司。

3.The company secured a leveraged loan to finance its acquisition of a competitor.

该公司获得了一笔杠杆贷款用于融资收购一家竞争对手。

4.Many private equity firms rely on leveraged loans to finance buyouts.

许多私募股权公司依赖于杠杆贷款来融资收购。

5.Investors are increasingly interested in leveraged loans due to their higher yields.

由于收益更高，投资者对杠杆贷款越来越感兴趣。

作文

In the world of finance, various terms and instruments are used to describe the methods through which companies raise capital. One such term that has gained prominence in recent years is leveraged loan. A leveraged loan refers to a type of loan that is extended to companies or individuals that already have considerable amounts of debt. These loans are typically used by businesses to fund acquisitions, refinance existing debt, or support other corporate activities. The key characteristic of a leveraged loan is that it is secured by the assets of the borrower, which means that lenders have a claim to those assets in case of default.The appeal of leveraged loans lies in their potential for higher returns compared to traditional loans. Investors are often attracted to these loans because they offer higher interest rates, compensating for the increased risk associated with lending to highly indebted borrowers. This makes them particularly popular among hedge funds and private equity firms, who seek out opportunities to maximize their returns.However, the use of leveraged loans also comes with significant risks. For instance, if the borrowing company faces financial difficulties, the likelihood of default increases, which can lead to substantial losses for lenders. Moreover, during economic downturns, the market for leveraged loans can become illiquid, making it challenging for investors to sell these loans or recover their investments.One of the most notable features of leveraged loans is their structure. Many leveraged loans are issued as floating-rate loans, meaning that their interest rates fluctuate based on a benchmark rate, such as LIBOR (London Interbank Offered Rate). This can be advantageous in a rising interest rate environment, as it allows lenders to benefit from increased rates. However, it also poses a risk to borrowers, as their interest payments can increase significantly if rates rise sharply.The market for leveraged loans has grown substantially over the past decade, driven by low interest rates and an increasing number of private equity buyouts. As more companies turn to leveraged loans to finance their operations, regulators have begun to scrutinize this segment of the market more closely. Concerns have been raised about the potential for a bubble, similar to what was seen in the mortgage market prior to the financial crisis of 2008.In conclusion, while leveraged loans can provide companies with necessary capital and investors with attractive returns, they also carry inherent risks that must be carefully managed. Understanding the dynamics of leveraged loans is crucial for both borrowers and lenders, as it enables them to navigate the complexities of this financial instrument effectively. As the market continues to evolve, staying informed about trends and potential pitfalls will be essential for anyone involved in financing or investing in leveraged transactions.

在金融世界中，各种术语和工具用于描述公司筹集资金的方法。其中一个近年来获得关注的术语是杠杆贷款。杠杆贷款是指向已经有相当多债务的公司或个人发放的一种贷款。这些贷款通常用于资助收购、再融资现有债务或支持其他企业活动。杠杆贷款的一个关键特征是它以借款人的资产作为担保，这意味着如果借款人违约，贷方对这些资产拥有索赔权。杠杆贷款的吸引力在于其相对于传统贷款的潜在高回报。投资者通常被这些贷款吸引，因为它们提供更高的利率，以补偿向高度负债的借款人借款所带来的风险。这使得它们在对冲基金和私募股权公司中尤为受欢迎，这些公司寻求最大化回报的机会。然而，使用杠杆贷款也伴随着重大风险。例如，如果借款公司面临财务困难，违约的可能性就会增加，这可能导致贷方遭受重大损失。此外，在经济低迷期间，杠杆贷款市场可能变得不流动，使得投资者难以出售这些贷款或收回投资。杠杆贷款的一个显著特点是其结构。许多杠杆贷款以浮动利率贷款的形式发行，这意味着它们的利率会根据基准利率（如LIBOR）波动。在利率上升的环境中，这可能是有利的，因为它使贷方能够从利率提高中受益。然而，这也给借款人带来了风险，因为如果利率急剧上升，他们的利息支付可能会显著增加。过去十年，杠杆贷款市场显著增长，推动因素包括低利率和私募股权收购数量的增加。随着越来越多的公司转向杠杆贷款来融资，监管机构开始更加密切地审视这一市场领域。人们对潜在泡沫的担忧与2008年金融危机前抵押贷款市场的情况相似。总之，虽然杠杆贷款可以为公司提供必要的资本并为投资者提供有吸引力的回报，但它们也带有固有的风险，必须谨慎管理。了解杠杆贷款的动态对于借款人和贷方至关重要，因为这使他们能够有效地应对这一金融工具的复杂性。随着市场的不断发展，保持对趋势和潜在陷阱的了解对于任何参与融资或投资于杠杆交易的人来说都是必不可少的。