This chapter discusses the complexities and considerations surrounding the treatment of first out and last out creditors in private debt deals, including the difficulties with scheme requests and the uncertainty in English law regarding the classification of these lenders as separate or same classes.
In the latest installment in our Covenants Conversations podcast our Head of EMEA Covenants Shweta Rao speaks to Benoit Lavigne and John Burge from Morrison and Foerster on the evolution of direct lending structures, trends, documents and potential future developments.
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