Debtwire Restructuring Forum Miami 2024

The must-attend event for key players in the US restructuring community

location_on Faena Forum, Miami Beach Map
10 Dec

Panel: The evolution of liability management exercises

One of the top trends driving restructuring activity in the past few years has been the increase of sponsors engaging in liability management exercises (LMEs), with companies and investors pursuing restructuring solutions outside of bankruptcy and using Chapter 11 filings as a last resort. Given continued financial headwinds and uncertain economic conditions, this trend is only set to continue as borrowers and sponsors adjust their capital structures. Our panel of experts will unpack the opportunity set and discuss:  

  • What is prompting the shift towards out of court transactions and LMEs gaining popularity?
  • What are some creative out-of-court solutions being used, such as up-tier transactions, drop-downs with unrestricted subsidiaries and double dip LMEs?
  • Will the continued impact of LMEs affect how bankruptcies unfold in the coming year?
  • Are there situations in which LMEs should be avoided? How can lenders mitigate the risks that LMEs bring about?  
image image image image image
  • Speakers keyboard_arrow_down
    image
    Noah Charney Managing Director and Head of Capital Solutions KING STREET Bio
    image
    Jason New Managing Director LAZARD Bio
    image
    Benjamin Rhode Partner ROPES & GRAY Bio
    image
    Damon Yousefy Managing Director ALVAREZ & MARSAL Bio
    image
    Leonard Klingbaum Partner ROPES & GRAY Bio