Covenants: Key Questions Investors Ask About the J Crew Maneuver (June 2, 2020)
Octus Radio
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Introduction
This chapter explores the use of unrestricted subsidiaries and the 'J. Crew trapdoor' in debt documents, highlighting how certain companies have utilized these strategies to move valuable assets beyond the reach of creditors. It further delves into the J. Crew bankruptcy case and the transfer of assets to fund debt prepayments.
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