Akademik

offensive DIP
USA
offensive DIP, Also known as new money DIP.
A DIP financing provided by a new third-party lender, who is motivated by the business opportunity of providing a DIP loan, including higher fees and interest rates, greater priority, more control over the bankruptcy case or a position to execute a loan-to-own strategy.
For more information, see Practice Note, DIP Financing: Overview (www.practicallaw.com/1-383-4700).
For more information on loan-to-own strategies, see Article, Loan-to-Own Strategies and the Private Equity Investor (www.practicallaw.com/1-384-0471).
See also
defensive DIP
loan-to-own

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.