DIP Financing (Debtor in Possession) lending is a specialized form of capital, a special form of financing provided for companies in financial distress, typically during restructuring under corporate bankruptcy law (such as Chapter 11 bankruptcy in the US or CCAA in Canada). DIP financing is unique from other financing methods in that it usually has priority over existing debt, equity and other claims.
Ascend has partners who live in this type of market and can work with professionals like Ascend to secure capital to assist in the restructuring imitative.
