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Conversations: Looking Beyond the Headlines with Robert O’Leary, Steve Tesoriere, Kenya Williams, and Nicole Adrien

The Insight by Oaktree Capital

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Navigating Liability Management Exercises

This chapter explores liability management exercises (LMEs) as strategies for companies with high leverage to prevent bankruptcy. It analyzes the mechanics, implications for creditors, and the evolution of credit agreements that have facilitated such transactions.

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