This chapter explores the transfers made by unrestricted subsidiaries in various companies and the reasons for blocking these transfers. It also discusses the use of J-Crew blockers in investor documents, particularly in the high yield bond market.
In this week's episode, the team discusses J Crew blockers; the inception and explanation as well as an overview of assets most commonly caught by J Crew blockers. They also discuss assets most commonly caught by the manoeuvre as well as creative ways to circumvent a J Crew blocker.
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