A Practice Note providing a brief overview of liability management transactions (LMTs), focusing on drop-down financings, uptiering transactions (also known as uptier transactions), and double-dip transactions. Borrowers may use these transactions to enhance liquidity, reduce debt burdens, or extend maturities, often within existing financing terms or through amendments. This Note highlights the impact of LMTs...
On November 18th, the LSTA hosted a webinar, Recent Distressed Liability Management Transactions: Lessons for the Loan Market: Part II, presented by Meyer Dworkin, Jason Kyrwood, and Brian Resnick of Davis Polk. This webinar follows from the first webinar on the topic presented for LSTA members by the Davis Polk team on September 29th.
