Topic
Liability Management
19 published works
Thomson Reuters Law Blog
How Pluralsight blockers close the loophole J.Crew started
By Jadematusick
Highlights J.Crew blockers now appear in half of deals, a record high that followed years of lender pushback. Pluralsight blockers close the gap J.Crew language missed by covering non-guarantor restricted…
Thomson Reuters Law Blog
Capital markets trends: What’s changing in loan and credit agreement terms
By Jadematusick
Highlights H1 2026 loan terms show creditors strengthening liability management protections, with almost every major covenant term reaching a new record. J. Crew blockers now appear in half of deals,…
Cahill Gordon & Reindel LLP
Joel Moss Quoted in Bloomberg Law on Divergent Bankruptcy Court Rulings
Cahill partner and chair of the firm's Bankruptcy & Restructuring group Joel Moss was quoted in a Bloomberg Law article on how diverging bankruptcy court rulings on liability management exercises…
Across The Board
More Tools in the Liability Management Toolbox
As a result of recent Securities and Exchange Commission staff relief, companies, their management teams and boards now have enhanced flexibility in connection with a range of liability management transactions,…
Restructuring Globalview
Excluded Lenders Prevail – Pro-Rata Sharing Provision in Serta Applies to Cashless Debt-for-Debt Exchange
By Patrick Maney, Kyle Arendsen
On remand from the Fifth Circuit, the Bankruptcy Court for the Southern District of Texas (the “Court”) held in the Serta Simmons Bedding (“Serta”) liability management exercise (“LME”)[1] dispute that…
Cleary Securities, Disclosure, and Governance Watch
SEC Modernizes Debt Tender Offer Rules with New Exemptive Order
By Lesley Janzen, Manuel Silva, David Lopez, Stav Harel
The SEC has issued a significant exemptive order modernizing and expanding the ability of issuers to conduct tender offers for their non-convertible debt securities over an abbreviated period of five…
The CLS Blue Sky Blog
Wachtell Lipton Discusses the Year Ahead in Corporate Bankruptcy and Restructuring
By Joshua A. Feltman, Emil A. Kleinhaus, Michael S. Benn, Benjamin S. Arfa, Michael H. Cassel, Stephanie A. Marshak
While the distressed debt market continues to be extraordinarily active, Chapter 11 activity has remained at a relatively steady level compared to recent years. The high costs of Chapter 11,…
Legal Theory Blog
Dennis Jenkins on Liability Management Exercises
Dennis Jenkins (Willkie Farr & Gallagher LLP - Willkie Library) has posted Exit Consents in a Liability Management World on SSRN. Here is the abstract: As liability management exercises (LMEs)…
Restructuring Matters
Bankruptcy and Restructuring in the US: A Snapshot of 2024
By Frederick (Rick) Hyman, Monique Almy, Scott Lessne, Randall Hagen
2024 brought a number of headline stories that will impact the bankruptcy and restructuring market in 2025 and beyond. A few of those are summarized below. LMEs (Of course). Liability…
Free Writings + Perspectives
Liability Management in the EU. An Overview
Webinar | May 21, 20249:00 a.m. - 9:30 a.m. EDTRegister here. Mayer Brown's Capital Markets and Financial Services Regulatory Team cordially invites you to our 30-minute Know-How Webinars. Over the…