The hosts discuss the J.K.R.U. blocker, a protective provision in leverage finance, explaining its meaning, strengths, weaknesses, and coverage limitations.
Lenders tend to feel reassured knowing their docs have a J Crew blocker, but not all J Crew blockers offer the protection they might expect.
For this week’s episode of our podcast, Alice Holian and Olivia Mantock cover the ins and outs of J Crew blockers and run through some novel formulations they’ve seen in 2023.
Is the ‘Dechra standard’ going to take off? Or will blockers become increasingly limited in scope?