Learn the Latest About Liability Management Transactions

Uptier or liability management transactions (LMTs) are a controversial breed of funded debt transaction, the essence of which is to allow a borrower to evade certain secured lenders' sacred rights provisions and create a higher tier of new, supersenior secured debt funded through a combination of new money and rollups or exchanges of old debt held by favored parties. Check out this expertly drafted practice note summarizing the core features of LMTs and the current developments in LMTs.

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