At last week’s LSTA Annual Loan Conference, one intrepid panel set forth to try to quantify the risk and return of liability management transactions (LMTs).
On May 9th, the LSTA hosted a webinar, “Liability Management Transactions: What is an Open Market Purchase Anyway?”, presented by Alston & Bird partners, Paul W. Hespel, Brett D. Jaffe, Ken Rothenberg, and J. Eric Wise. In recent years, the distressed loan market has trended away from in-court proceedings toward antagonistic transactions to effect balance...
In recent years, the distressed market has trended away from in court proceedings toward antagonistic transactions to effect balance sheet restructurings, commonly, and perhaps euphemistically, referred to as liability management transactions. Our expert panelists provided an overview of uptiering and dropdown transactions and provide a case study of notable cases/credits including Trimark, Boardriders and Revlon....
In recent years, the distressed market has trended away from in-court proceedings toward antagonistic transactions to effect balance sheet restructurings, commonly, and perhaps euphemistically, referred to as liability management transactions. Our expert panelists provided an overview of up tiering and dropdown transactions and provided a case study of notable cases/credits including Trimark, Boardriders and Revlon....
The topic of liability management transactions (LMTs) is once again at the forefront of discussions amongst loan market participants, given the oral ruling of Southern District of Texas Bankruptcy Judge David R. Jones on March 28th in the Serta case. On motions for summary judgment on the propriety of the LMT, Judge Jones ruled that...
