Research: non-bank lenders have issued asset-backed bonds to help finance about $2B of loans to fast-growing but unprofitable software companies since November (Matt Wirz/Wall Street Journal)

Matt Wirz / Wall Street Journal:
Research: non-bank lenders have issued asset-backed bonds to help finance about $2B of loans to fast-growing but unprofitable software companies since November — Investors funnel money to unprofitable software companies through new type of debt deal — No earnings? No problem.

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