Cockroaches in the market? Risks and LMEs

Introduction to LMEs and Their Impact on CLOs

The moderator opens the discussion by explaining how Liability Management Exercises (LMEs) have evolved from last-resort insolvency tools to proactive financial strategies in the US leveraged loan market. The panel notes that these techniques are increasingly crossing into Europe, where legal frameworks differ significantly. Panelists introduce themselves, representing perspectives from distressed credit investing, CLO management, and CLO tranche investing.

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