Obtaining Super Senior Debt for Liquidity in Europe

In this episode, the Covenants by Reorg team discusses the Serta controversy and how Apollo seeks to block the company from creating “first-out,” “second-out” and “third-out” tranches, three ways to bring in new money through super senior debt and how provisions in debt documents can be creatively employed to subordinate existing creditors. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.