Navigating LMEs with Armen Panossian, Ronnie Kaplan, and Ross Rosenfelt
The Insight by Oaktree Capital
Intro
This chapter explores the rise of Liability Management Exercises (LMEs) in the credit market, pointing out their advantages over traditional bankruptcy filings. It also examines the complexities and inefficiencies of Chapter 11 bankruptcy, particularly focusing on the challenges and potential value loss during debt restructuring.
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