This chapter discusses the lime tree bay debtors' motion for court approval of bidding procedures for the sale of their assets, as well as the role of dip agents and pre-petition secured parties. It also touches on the Washington Prime Chapter 11 cases and upcoming events.
On this week’s podcast the Americas Core Credit by Reorg team discusses highlights from this week as well as a look ahead at the upcoming week, plus this week our podcast features a discussion on (a) how certain companies that actually benefited from the pandemic (grill companies, pool companies, home improvement businesses) took advantage of the recent spike in performance by borrowing money, using the proceeds to pay their owners a dividend, and then taking the company public and (b) how these companies and their lenders could be in trouble once consumer behavior reverts to pre-pandemic levels.
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