Da Inglese a Italiano Affari/Finanza Altro Gestionnaire – Exploita

Ciao, non capisco in questo passaggio cosa si intenda per senior debt service. Per senior debt ho trovato debiri di primo rango, non capisco però perché si parli di service qui. Grazie

Debt at the end of one period is expected to be greater than the debt at the start of the next year.
Takeaways from a buyout model do not depend on information in the DCF model or in the three-statement model.
Cash flows pay for operations, then senior debt service, then debt service reserves, then returns to the equity investors.