Non-pro-rata liability management exercises (“LMEs”) have been a widely used tool for distressed companies and sponsors, sometimes to attempt to fix a company’s capital structure and sometimes to buy ...

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Once an arcane corner of the capital markets, liability management exercises (LMEs) have become a mainstream restructuring tool. Of course, LMEs are not available to every borrower — the ability to ...

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. CFOs should manage signs of early financial distress the way a ...

While European leveraged finance debt prices are being pulled in different directions amid a volatile backdrop, a growing number of names appear simply to be stuck in an unforgiving doom loop. Several ...