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Before Torruella, Stahl and Howard, Circuit Judges.

HSBC Bank USA, N.A. appeals, for the second time, a district court judgment that affirmed a bankruptcy court’s authorization of a distribution of assets from the estate of Bank of New England Corporation (“BNEC”) to holders of BNEC junior debt. The parties agree that the holders of the senior debt are entitled to priority payment of their principal along with pre-petition interest – that is, interest that accrued up until the filing of BNEC’s bankruptcy petition – before the holders of the junior debt may receive a distribution. At issue is whether this senior priority also includes payment of post-petition interest earned on the principal up until the principal was paid in full, as HSBC contends. For the following reasons, we affirm.

I. Background

 
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