Divisive Debt Maneuvers; Bank Stress Returns
The Credit Edge by Bloomberg Intelligence
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The Impact of the Dropdown on the IPO Market
The main differences then between prior use of the dropdown, and what we're seeing now is just the exit to the IPO. In this case, because the IPO market isn't as hot, we think that these won't work this time. So how are they reacting to this other than organizing? What are they doing to be able to protect themselves in these situations? They're filing lawsuits. We've seen it with Incora that there's a lot of lawsuits coming,. The bankruptcy judge did kind of give a nod to the aggressive or egregious debt maneuvers.
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