Debtwire Restructuring Forum New York 2023

Our brand-new event for the North American restructuring community!

Conrad New York Downtown, 102 North End Avenue, New York, NY 10282

15 Jun

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?
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  • Speakers keyboard_arrow_down
    Charles Tricomi Head of Leveraged Loan Research XTRACT Bio
    David Geenberg Managing Director, Co-Head of the North American Investment Team STRATEGIC VALUE PARTNERS Bio
    Leonard Klingbaum Partner ROPES & GRAY Bio
    Steve Krause Partner OWL CREEK ASSET MANAGEMENT Bio
    Matt Rahmani Executive Director PERELLA WEINBERG PARTNERS Bio