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John J. Rapisardi, a partner in the business, finance and restructuring department of Weil, Gotshal & Manges, and an adjunct professor of law at Pace University School of Law, writes that issuances in 2004 of debt secured by second liens increased more than fourfold � from $3.2 billion to $13.8 billion � from second lien debt issuances in 2003.
March 30, 2005 at 12:00 AM
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