Latest from Debt Explained
When is a cure a no cost event?
When is a cure a no cost event? Simple- when it is free! How you may ask- the whole point of a cure is that the sponsor must inject new funds- the only question is how much. But read on……..
Sponsors push for flexibility as Portability reappears
Q1 2017 Loan Market Update shows Portability features return with levels set to test high water mark of 2014
Ratio-based Restrictive Payments
Restricted Payment carve outs has now become a standard basket in the European high yield market. Find out more about this and other controls relating to restrictive payments in Market Maker
Expansion of the “Limited Condition Acquisition” Calculation Flexibility
Recent high yield bond (“HYB”) and leveraged loan deals have included calculation flexibility typically allowed to determine availability under baskets and ratios in connection with “Limited Condition Acquisitions”
High Yield Aggressive Terms Digest: 2016
High yield bonds continued to experience credit erosion and this digest summarises some of the aggressive bond terms seen during 2016
Debt Explained adds Brian Conway as Senior Legal Specialist
Debt Explained is pleased to announce the appointment of Brian Conway as Senior Legal Specialist covering loans and bonds. He has extensive experience of senior, mezzanine, and subordinated debt financings across a broad range of industry sectors.