Debtwired! cover image

David Prager of Kroll gives the 4-1-1 on the restructuring marketplace

Debtwired!

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Lender on Lender Violence and Valuation Fights in the Restructuring Marketplace

This chapter explores the phenomenon of lender on lender violence, driven by desperation and fueled by opportunism in the current market. It discusses the role of low interest rates, covenant light structures, fees, and the advantage of being the first mover, while also noting the absence of valuation fights despite potential disagreements.

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