Panel: The evolution of lender-on-lender violence – covenant trends
Lender-on-lender violence transactions continue to be commonplace in the US market, with majority creditors using various structures including priming, uptiering/covenant stripping, and drop-down transactions to benefit themselves over other minority creditors. Our panel will explore the legal and practical implications of recent in-court and out-of-court restructuring cases, the evolution of these transactions, and what may be next on the horizon.
- Case study: What are some key takeaways from recent litigation, and what could have been done differently?
- How can minority/nonparticipating lenders best protect themselves?
- What are the implications of these transactions on valuations?
- How have these transactions evolved, and what does the future of lender-on-lender violence hold?
An error occurred trying to play the stream. Please reload the page and try again.Close