The Case for Creditor on Creditor Violence in European Restructuring

May 31, 2023

Cleary Gottlieb | The Case for “Creditor-on-Creditor Violence” in European Restructurings

The prevalence of covenant-lite terms on leveraged buyout debt means that many companies today are not showing the warning lights that might typically alert lenders to looming credit issues.

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The Case for Creditor on Creditor Violence in European Restructuring