The speakers discuss the influence of super priority liens on unsecured and second lien bonds, emphasizing the significance of the amount of debt ahead of these bondholders. They also mention the necessary considerations for first lien bonds, including the possibility of open market purchases. The chapter concludes with a thank you and farewell.
This week the Americas Core Credit team looks at the top stories from last week and shares a preview of what's to come in the week ahead. In this episode the team discusses Covenants in relation to the Serta Simmons superpriority uptier exchange and chances that other companies can replicate.