Lexicon

Double-dip

Transaction type · also called double dip; triple dip

A structure that gives participating creditors two claims against the same credit support, typically a guarantee from the credit group plus an intercompany loan from a non-guarantor borrower into that group.

Associated with At Home Group (2023)

Discussed at ¶¶ 7.49, 17.1 of Liability Management Exercises: Law and Practice.