Practical Law Glossary Item 9-386-2280 (Approx. 2 pages)
Glossary
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.